Though prenuptial agreements are typically associated with the rich and famous, the associated benefits can extend to any couple. Depending on your relationship and finances, a prenup may provide you and your partner with added peace of mind while helping you both consider and confront the legal aspects of your upcoming marriage. Below, the Chardon, OH, divorce lawyers from Ibold & O’Brien discuss three reasons couples might choose to consider a prenuptial agreement before walking down the aisle.

Divorce Lawyer Highlights 3 Key Reasons to Consider a Prenuptial Agreement

1. Debt

If one partner carries a large amount of debt and the other is relatively debt-free, a prenuptial agreement can provide protection to the latter. The agreement will designate who is responsible for paying off the debt while the couple is together, as well as how it will be divided should the marriage end in divorce.

2. Children From a Previous Relationship

A prenuptial agreement can provide financial protection for assets a parent wishes to leave to their children from a previous marriage. This is important, as in the event of a parent’s passing, assets are typically awarded to the surviving spouse. A prenuptial agreement can help ensure these are distributed to the children instead.

3. Business Ownership

If you run your own company, a prenuptial agreement can help protect your business interests in the event of a divorce. Without this document, your spouse may be entitled to a portion of the business, providing them with a say in future dealings even after a divorce.

If you are considering a prenuptial agreement in Chardon, OH, a divorce lawyer from Ibold & O’Brien is available to help. Serving the community since 1980, their legal team focuses on a broad range of practice areas, including divorce, criminal defense, personal injury, business and corporate law, and more. Consultations are available. Contact the firm online or call (440) 285-3511 to speak with an attorney directly.