Understanding Prenuptial Agreements and Sample Prenup

Thursday, December 5th 2019. | letter

Understanding-Prenuptial-Agreements-and-Sample-Prenup Understanding Prenuptial Agreements and Sample Prenup

 

Understanding Prenuptial Agreements and Sample Prenup

The marriage always had a negative connotation. Romance can easily wither through this single word. However, it has turned out that there is nothing permanent in this world, especially marriages, where many divorced. Having a marriage agreement is the wisest financial planning couples should make, according to financial and legal experts.

Experts agree that marriage is an emotional, financial and physical union. Trial preparation can help couples achieve a healthy financial well-being in their marriage. It’s like a business agreement or insurance policy that aims to eliminate the emotions that are naturally associated with a marriage.

Who needs a marriage agreement:

A marriage contract is like a contract between two people who want to marry. In short, the contract contains details of how the assets of both parties are distributed or managed in the event of death, separation or divorce. Thousands of years ago, there were marriage contracts in one form or another, especially in Far Eastern and European cultures, where members of the royal families took precautions to protect their assets.

In today’s modern society, marriage is not an exclusivity of wealthy or wealthy people. Even people who could save only $ 30,000 can make an advance agreement. In his book “Premarital Agreements: When, Why and How to Write Them”, author Joseph P. Zwack states that people who have saved a bit prefer a marriage agreement to people who have millions because they know they are It’s hard to earn that small amount.

You can look at a sample Prenup before you get into trouble, if you own assets like stocks, pension funds or a home, own a business, get an inheritance, have children or grandchildren from your previous marriage, are richer than your partner, if If you are helping your partner through college, pursuing or pursuing a license or degree in a lucrative profession, you need to look after relatives such as your parents or expect a large sum of money.

Why do you need a Prenup:

If you love a person, money seems to be the last thing you involve in your conversation. Think a lot more about the subject before you tie the knot. Time and again it has been shown that couples in love look at the world in colorful glasses. However, you need to keep your head straight and prepare for the possibility that love loses its novelty and money can bring both grief and annoyance in the long run.

A marriage agreement can reduce the emotional and financial consequences of a divorce. If you do not have a marriage agreement, your entire fortune will be distributed by the state to you and your partner. Your hard-earned cash may be given to your spouse’s children from their previous marriage, not your own children. Or, in the worst case, your fortune goes to the partner of your spouse who deserves it just because he / she was married to your former wife / husbands husband.

To call the topic Prenup:

Discuss the problem of pre-registration as early as possible with your partner in your relationship. If you have been open with your partner since the beginning of your relationship, the topic of marriage will not be a big surprise. Make sure you discuss the topic before the engagement. Explain to your partner that a marriage agreement is important and why you want to have a contract.

Honesty is an important element in sound marriage contracts. You and your partner should fully disclose your assets and examine a sample pre-up to give you some ideas on how to create a fair marriage agreement. Signing a marriage document a month before the wedding is the ideal way to do so.