Protecting Your Family's Future
 

The Pros and Cons of a Prenuptial Agreement

If you are considering getting married, and you are bringing significant assets into the marriage, or have children from a previous marriage, you may be thinking about putting a prenuptial agreement in place. Here are some of the advantages and disadvantages of a prenuptial agreement.

The Benefits of a Prenuptial Agreement

A valid prenuptial agreement can allow you to:

  • Identify what is and what is not marital or community property
  • Protect any property you owned before the marriage
  • Ensure that your estate plan is followed
  • Minimize expense and acrimony if the marriage fails.
  • Clearly state any unique or special agreements between parties

Contrary to what many believe, a prenuptial agreement can strengthen a marriage. If money and financial matters are a major concern, identifying in advance how they will be dealt with removes any uncertainty, and allows you to focus on your relationship. In a healthy marriage, money is a necessary topic for discussion. If you discuss it up front, it can lead to greater openness and communication in other areas as well.

The Detriments of a Prenuptial Agreement

A prenuptial agreement is essentially a business decision. If your marriage is not fundamentally built on financial expectations, needs or desires, there may be no need for a prenuptial agreement. If love or romance is at the core, a prenup will seldom support or enhance that.

Sometimes, though, the timing may just be wrong. If you discuss financial matters too early in a relationship, you may never be able to get past the perception that your marriage is mostly about money.

Before you enter into a prenuptial agreement, you want to check with a lawyer. Based on what you want to protect, you may not need a signed document—you may be protected by existing provisions in state law.

Contact Us

At the office of Linda Stewart Law, PLLC, in Baytown, we bring more than 8 years of experience to clients in south Texas. To learn how we can help, call our office at (281) 420-8020 or contact us online. We offer an initial consultation at a reduced fee of $50. We accept credit cards and will set up a payment plan, if appropriate. Our offices are open Monday through Thursday, from 9 a.m. until 5 p.m., and until noon on Fridays. Evening and weekend appointments can be arranged upon request.

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