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All couples could benefit from prenuptial agreements

No Texas couple gets married with the intention of getting divorced, but it can be wise to put protections into place in case something unfortunate happens in the future. Many couples eschew prenuptial agreements because they think that it is planning for an eventual divorce, but in reality, it is just smart financial planning. Any two people should have a complete discussion of their financial situation before they get married. 

Discussing the terms of a prenuptial agreement is beneficial so that a person will have a complete understanding of his or her financial obligations in case of a divorce. A prenuptial agreement will negate the influence of property division laws during a divorce, providing the couple the authority to determine how property and assets will be divided if the marriage ends. This is especially important for those who own a small business.

Drafting a prenuptial agreement requires a couple to fully disclose and discuss their financial situation. This may seem like an unpleasant task, but it can eventually lead to a better perspective on one of the most stressful aspects of a marriage: money. Working together before marriage allows a couple to practice compromise and cooperation, which can be beneficial for the marriage in the long run.

Prenuptial agreements offer a couple needed legal and financial protections in case of a divorce. There are may benefits to taking this step, but it is important to ensure that they are drafted carefully and thoughtfully. An experienced Texas lawyer can provide assistance in the process of discussing terms and drafting a prenuptial agreement. 

Source: time.com, "3 Good Reasons to Get a Prenup", Tracy Craig, Feb. 11, 2016

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