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What are the pros and cons of a prenuptial agreement?

On Behalf of | Jul 28, 2021 | Marital Agreements |

Getting married is often one of the biggest decisions an individual will make with their partner. If you are thinking of getting married in the state of New Jersey but you also want to protect your assets and income, it may be time to consider a prenuptial agreement. Weighing the pros and cons of a prenuptial agreement can help you to determine if the marital agreement is right for you and your future spouse.

Know what to expect during your marriage

Choosing to sign marital agreements before tying the knot is one of the quickest ways to learn what to expect in your marriage. Discussing financial matters, spending, and even prenuptial agreement stipulations is one way to truly test whether or not you and your partner are right for one another.

Some advantages

Using a prenuptial agreement is a great way to ensure that any children you have had from a previous marriage are taken care of, even in the event of a future divorce. With a prenuptial agreement already in place, you will likely save on fees and the cost of a lawyer if you are in need of a divorce later on down the line.

Marital and relationship strain potential

One major drawback of presenting the idea of a prenuptial agreement or any type of marital agreements with a partner is receiving backlash or a negative response.

May be difficult to enforce

It is important to research how prenuptial agreements are viewed in the state where you are to be married in. In some states, prenuptial agreements are more difficult to enforce legally and financially than others.

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