Are you wondering what happens to your finances after getting married? Well, the simple answer is you and your partner share assets and debts.
Then what happens when the marriage ends? Who gets to keep and handle what? That’s where a prenup comes in handy.
It outlines how you and your partner will work on the assets and debts in case of a divorce. So, it could save you from a future of possible financial problems!
Are you interested in learning more? Here’s a brief on how to get a prenuptial agreement.
Communicate With Your Partner
Before you prepare a prenup, ensure your partner is comfortable with it. After all, the contract requires both parties to agree to become valid.
If you’re having trouble bringing it up, consider these tips:
- Be clear and transparent with your intentions for wanting a prenup.
- Explain how the benefits of a prenuptial agreement can be good for both of you.
- Find the right timing, even if it takes a while.
Remember that it’s not only about your partner agreeing to a prenuptial agreement. It’s also a chance for you to practice healthy communication during serious conversations.
Prepare the Requirements
Your state’s laws are responsible for dictating if your prenup is valid. So, it’s necessary to check those before you prep your documents.
Some of the requirements they usually ask for include the following:
- A written agreement
- You and your partner’s signatures, sometimes on each page
- A notarization
- A specific number of witnesses
- Proof that you and your partner signed on your own will
- No terms that are unlawful or unfair
By then, you could also prepare the payment. The cost differs based on where you live, but you can expect to pay $2,500 or more.
Draft Your Prenup Contract
After confirming with your partner, you need to draft your prenup contract. You can ask for legal advice from a professional, but you can also make sure to add these points.
- Division of the property
- Allocation of debt incurred during the marriage
- Management and access to a joint bank account
- Lump sum payments
- Alimony or financial support
- Allocation of gifts and inheritances
- Who stays in the marital residence
- Confidentiality clauses and policies
While there are a couple more, these are a few of the ones you want to be sure are in the contract. Check here to get a more intensive guide on prenuptial agreements.
Check Your Options
Once you and your partner are ready, you can find online assistance or hire a lawyer.
Online prenups allow you to complete the prenup from the comfort of your own home. They also offer services at affordable rates.
If you want more in-depth insight, you might want to hire a lawyer instead. It might cost you more, but they have the background and experience to back up the expense!
Find Out How to Get a Prenuptial Agreement Here
Getting married is all fun and games until it ends. Even if that happens, a prenup protects you from possible financial damage.
So, what do you say? Learn how to get a prenuptial agreement! You can browse our blog if you’re interested in more guides like this.