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Forming a well-rounded prenuptial agreement with your spouse

On Behalf of | Nov 24, 2021 | High-net Worth Prenuptial And Postnuptial Agreements |

A prenuptial agreement can enhance your confidence and peace of mind. Knowing that you and your spouse agree on critical aspects of your relationship may provide both of you with reassurance.

A well-written agreement will address decisions in your relationship that you feel take priority. Establishing responsibilities and expectations ahead of time may prevent conflict and encourage unity.

Marital property

If you have significant wealth prior to your marriage, you may wish to retain ownership of those assets, and rightfully so. This is a determination you can include in a prenuptial agreement. You can also go into depth describing the classification of marital property. These specifications may allow you and your partner to have fair ownership of jointly accumulated assets while guaranteeing that each other will receive a reasonable settlement should a divorce ever occur. Some considerations to discuss may include the following:

  • Real estate investments
  • Retirement benefits
  • Inheritance money
  • Business profits
  • Personal investments
  • Trust funds

Financial strategies

Disagreements about money cause tension in a lot of marriages. Discussing strategies for spending and saving money within a prenuptial agreement may reduce the risks of financial conflicts from upending your marriage. U.S. News also suggests that you discuss financial goals and evaluate different strategies for reaching those goals.

With a prenuptial agreement guiding your relationship, you may have a better chance of preventing some common disagreements that often affect married couples. You can also consider implementing a sunset clause that will end your agreement if you reach a certain point in your marriage where you no longer feel the need to have a prenuptial. Working with an attorney can help you refine your agreement so it provides sustainable protection throughout your marriage.