The end of a marriage is accompanied by many complicated factors, including various decisions that must be made regarding finances and marital property. One of the easiest ways to avoid unnecessary conflict in case of a divorce is by drafting and signing a prenuptial agreement before marriage. Contrary to popular opinion, a prenuptial agreement is not planning to divorce, but simply providing financial protections.
Prenups are commonly associated with the rich and famous, but Ohio couples of all income levels can also benefit from these formal contracts. They are particularly useful for those who own a small business, expect to inherit or earn a large amount of money after the marriage or have other valuable assets that they would like to protect. These agreements can be as complex or as simple as needed, according to the requirements of the two parties.
A prenuptial agreement typically outlines how property and money is distributed during a divorce. It can cover other issues as well, such as spousal support (alimony), retirement funds and much more. The contract can be custom tailored to the individual couple and could be critical in avoiding costly and lengthy litigation during a divorce. Many people find that a prenup provides peace of mind.
When considering marriage, whether in Ohio or elsewhere, it makes good sense to consider the benefits of a prenuptial agreement. In case of a future divorce, this simple step can be beneficial for all parties involved. In order to learn more about this option, a consultation with an experienced family law attorney may be in order.
Source: sheknows.com, "Signing a prenup doesn't mean you're betting against your marriage", Claire Gillespie, June 6, 2016