Marriage is not only a public statement of a couple’s emotional commitment, but a powerful legal and economic relationship. At CT Mediation Center, we believe prenuptial agreements are a tool for money management and financial planning—not a blueprint for divorce. This is Part 3 in a series on Prenuptial Agreements.
Who benefits from a prenuptial agreement?
You both do.
Drop the notion that a prenuptial agreement is a harbinger for divorce. It is not. Signing a prenuptial agreement is no more likely to bring on the “big D” than writing your will.
In fact, the two are similar financial planning tools: they both designate how real property, assets and liabilities are to be dealt with in the event of divorce (prenuptial agreement) or death (will).
A prenuptial agreement is built on a foundation of honest conversation and emotional maturity. It is also a financial planning tool. A prenuptial agreement outlines how certain needs and obligations will be met should the unforeseeable take place.
Contrary to popular opinion, prenuptial agreements are not just for wealthy couples. In today’s modern world there are many reasons to sign a prenuptial agreement before you get married. Here are just a few:
- Protect your separate property. A prenuptial agreement is a way to clarify financial rights and responsibilities during marriage
- Support your estate planning goals. With our without children, wealthy or not, the prenuptial agreement is a useful estate planning tool to make sure your assets go to the right person.
- Reduce conflict and save money should you divorce. The prenuptial agreement specifies in advance how property and other assets will be divided so you don’t have to wonder about worst case scenarios.
- Clarify special agreements between you and your partner. Prenuptial agreements can also protect spouse’s from each other’s debts, as well as address many other issues as well.
Unlike other states, Connecticut is an “all property” state. That makes the division of assets more complex than you might otherwise expect. A prenuptial agreement is one way to protect yourself and your financial future.
If you would like to discover if a prenuptial agreement is right for you, a lawyer at CT Mediation Center can help. Please contact us to schedule an appointment today.
To learn more about how divorce mediation can help your case, contact any of our Divorce Attorney Mediators or Certified Divorce Financial Analysts at CT Divorce Mediation Centers. Divorce and Family Mediation and Collaborative Law are all we do. We have offices in Madison, New Haven, Cheshire, West Hartford, Glastonbury, West Hartford, and Windsor, CT. To find out more information or to schedule a consultation with our divorce experts, call us at (860) 986-1141.
DISCLAIMER:This publication is not meant to constitute legal, accounting, financial, investment advisory, or other professional advice. If legal, financial, investment advisory or other professional assistance is required, the services of a competent professional person such as CT Divorce Mediation center, should be sought.