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Prenup or Prenuptial Agreement is becoming extremely popular and necessary these days. With the number of Divorce cases increasing day by day, such as the Divorce cases in California itself has risen up to 50% in the first five years of marriage, people are becoming more cautious and opting for Prenups to avoid the hassles that come later on with the divorce.
Are you about to get married? Have you been thinking about signing up for a Prenuptial Agreement to make things all clear right from the beginning, but still have some queries about the process and its perks? Then you should definitely stay glued to this short yet extremely helpful article.
The prenup is basically a legal agreement before getting officially married that helps both you and your partner expose financial possessions, including assets and debts. And, it has been evident that most marriages end in America because of these financial issues, which weren’t so clear when people officially got married. To avoid this confusion, mistrust or any further issues that may lead to a divorce in the near future, signing a Prenup with your partner before saying that “I do” is absolutely necessary.
Especially if you are someone with lots of assets, divorce becomes the biggest fear after marriage. This is why thousands of millionaires are signing up Prenups to deal with that nightmarish situation in the future, in the most part sorted way. But, if you conceive the idea that Prenups are only for the “rich”, then you are wrong. No matter what your financial condition is or will be, it is very important to expose your financial conditions to each other before tying the nuptial knot for life.
Now let’s imagine a divorce situation, where the couple did not sign a Prenup before their marriage, and now, they are going through a messed-up situation, where the finance of the partner with more assets is at stake. The court gets to decide who will receive what after divorce, and that, might not go as planned for both of them. But, for partners who have signed a Prenup before their marriage, the best part is that they get to decide what happens at the time of their divorce, and things become easier to deal with.
If you are a business owner or have a lot of long-term Investments, Prenups can save you from a lot of mess. Because divorce also leads to responsibilities of kids, people who do not want to take responsibility for raising kids are trapped under unwanted consequences but, a Prenup can definitely save you from this complex situation. Although many people still hesitate to ask for a Prenup before official marriage, the younger generation is showing much positivity and ditching their stigmas.
Without a Prenup, often you may be left responsible for half of your spouse’s outstanding debt after a divorce, or even left without a proper apartment or wealth necessary to live normally and raise your kids. But those who have signed a Prenup will actually never face this situation. So often, it is the women who are seen to suffer the most in the case of chaotic divorces and end up with literally nothing, but a Prenup will not only secure you the finances you deserve but also help you get established after a Divorce.
There is literally no harm, but only gain when you sign a Prenuptial Agreement. Not only it can save you from a chaotic Divorce, but it also will protect your finances the way it should be, or at least seems right. A prenup is not just signing a legal document; it is much more than that securing the future of yourselves and your partner lies wholly in this single document. If you are already married and haven’t had the opportunity to sign a Prenup, then you can always apply for a Prenup anytime.
You may also like: 10 Things To Do To Lessen the Burden of Divorce
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