Drafting a prenuptial agreement may not be the most romantic aspect of preparing for a wedding, but it does provide a way of protecting your rights and mitigating future conflict if your marriage does end in a divorce. While family law in every state gives each spouse a right to a share of the marital assets, those arrangements may not be ideal for every situation. Before exchanging vows, it’s important to understand the benefits of a prenup and decide whether they’re right for you.

Why Should You Sign a Prenup?

Prenuptial agreements are private contracts allowing you to decide in advance how assets should be divided in the event of a divorce. By deciding these important issues in advance, you can spare yourselves considerable stress and extensive litigation later, while protecting your share of the marital estate. Many couples also find that frank discussions about their finances and priorities help establish trust and draw a clearer picture of the future.

When Do You Need a Prenup?

If either spouse has significant assets before the marriage or high earning potential, you should definitely consider preparing a prenuptial agreement. For instance, a prenup can ensure any real estate you own is considered an individual asset or protect your retirement savings from property division. Those who own all or part of a business should also consider using a prenup to ensure they aren’t forced to sell their company in a divorce. Family law in each state also protects spouses who sacrifice their own earning potential to support their partner’s career, so if either of you plans to stay at home, a prenup can protect the value of the investments they’ve made.

Preparing a prenup can be a daunting project, but a skilled family law attorney can guide you through the process and help you achieve the best possible outcome. With offices in Ava and Ozark, The Law Office of Christopher J. Swatosh is dedicated to providing couples throughout Missouri with compassionate, effective service. Visit their website for a look at their comprehensive family law services. To schedule a consultation, call (417) 683-2987 for their Ava office or (417) 582-5297 for their Ozark location.