Preparing for marriage is an exciting time for a Maryland couple. In the midst of the excitement, however, it is beneficial to think about protecting future interests. One of the ways that some couples do this is through prenuptial agreements. While it is not a romantic thought, it is smart to consider what will happen to your property and assets in a divorce.
Some people believe that, in order to benefit from a prenuptial agreement, one must have significant wealth or assets. In reality, that is not the case. Most people could benefit from having certain protections in place in case their marriage does not end well. The simple effort of just outlining property division and defining marital assets can make a potential divorce in the future much easier.
If you are preparing to get married, you would be wise to consider how you could benefit from this legal document. A prenuptial agreement can be custom tailored to suit your needs and objectives, allowing you to shield your estate plan, protect children from a previous marriage and even assigning debt. The process of drafting an agreement can actually foster important money-related conversations between two Maryland residents about to get married.
Before walking down the aisle, you can walk toward having peace of mind simply by having a prenuptial agreement drafted. This is well worth your effort, no matter your wealth or income status. If you remain unsure about whether or not you actually need the protection offered by prenuptial agreements, you may find it beneficial to first seek a complete explanation of your legal options.