When a couple is preparing to walk down the aisle, the thought of a prenuptial agreement can seem unromantic and unnecessary. Nevertheless, this sort of legal agreement can be beneficial to protect the interests of both parties in the event of a divorce. Maryland couples considering the benefits of prenuptial agreements are not planning for their marriages to end; they are simply putting protections in place in case of a contingency.
In the past, prenuptial agreements were something that only the rich and the famous used. Now, they are prominent with couples of all income levels. They can make property division easier in the event of a divorce, and it is possible include things such as instructions for digital assets and financial responsibilities in these documents as well.
These agreements often come under harsh scrutiny in the event of a divorce. It is important for them to be clearly and carefully worded, and many couples find it easier to draft strong agreements when they give themselves plenty of time to do so before the wedding. It is possible to draft an enforceable agreement even the day before a wedding, but it is prudent to allow ample time for consideration and preparation of the agreement prior to the big day.
Prenuptial agreements are not just for the wealthy. Maryland couples thinking about getting married may also find great benefit in thinking about the possibility of property division at some point in the future. This step can make a divorce faster, easier and can greatly reduce the need for litigation and continued disputes.
Source: cnbc.com, “Here’s how to bulletproof your prenuptial agreement“, Scott Cohn, March 9, 2018