If you’re soon to be married, divorce is likely not something you want to think about. However, life can be unpredictable, and it pays to at least consider the possibility that your union may not work out. To protect your assets should this happen, consult an attorney, and create a prenuptial agreement before you walk down the aisle. Below is some basic information about this legal option. 

A Guide to Prenuptial Agreements

What Does a Prenup Do?

A prenuptial agreement is a binding legal contract between you and your spouse-to-be. It details how you plan to divide your assets should your marriage end in divorce. Often, when a couple that does not have a prenup splits, fights over who owns what can become bitter due to negative feelings brought on by the break-up. When an attorney creates a prenup before the marriage takes place, these issues are decided ahead of time so disputes of this type can be minimized.

When Should You Get a Prenup?

Most attorneys advise anyone with significant assets to utilize a prenup. It’s also good to have one if you own a business or plan on starting one, or if one party come into the marriage with substantial debt. Additionally, if you plan on making career sacrifices for the sake of the marriage, such as supporting your spouse while they finish school, a prenup can ensure your interests are protected should the marriage end.

What Can Be Included in a Prenup?

A prenup can include all kinds of property, including cars, real estate, jewelry, and furniture. It can also be used to outline who is responsible for specific debts, as well as who will have to pay spousal support, if appropriate. If either part comes to the marriage with children, they should consider ow the prenuptial works with their estate plan. If they do not have a will, it is a good time to tie two together.

If getting a prenup is right for you, contact Brandau & Waltz Law Office LLP in La Crosse County, WI. With more than 50 years of combined experience practicing law, these seasoned attorneys will help you make sound decisions regarding your property and assets. Visit their website to learn more about the firm, and call (608) 784-2050 to schedule a consultation today.