While many people associate prenuptial agreements with substantial wealth and fame, you don’t have to be famous or rich to need one. Pennsylvania family law allows all couples planning planning a wedding to create premarital agreements that address issues such as defining property rights, responsibility for debt, and estate planning. Below are three reasons why it’s wise to discuss this type of agreement with your spouse-to-be.

3 Family Law Situations Where a Prenuptial Agreement May Help You

1. You Have a Business or Personal Assets to Protect

You might have started a successful business or professional practice before you got engaged, or inherited assets from a family member. A well-written premarital agreement enables you to keep those current and future assets and profits separate from joint marital property.

2. You Have a Child From a Previous Marriage

If you have children from previous marriages or relationships, they have the right to inherit your property. Wise estate planning includes a prenuptial agreement that makes it clear what property you owned before marrying your new spouse. This protects your children’s interests in your assets.   

3. Your Future Spouse Has a Lot of Debt

Your spouse-to-be might have a large amount of student loan debt. Other sources of high debt include credit cards, medical bills, or an uncompensated personal injury. Preparing for a prenuptial agreement gives you a clear picture of your future spouse’s finances and approach to handling money. You can make an informed decision whether you want to take responsibility for any debt they bring to the marriage.

If you’re planning a wedding, discussing a prenuptial agreement with a seasoned family law attorney and your future spouse is a wise move. Family law attorneys at Achille Law, P.C. in Brookville, PA, offer extensive knowledge about premarital agreements and estate planning, so you understand your options and make the best choices for you. Visit them online for more information about how they can help you draft a prenuptial agreement. Call (814) 849-6701 to arrange an attorney consultation.