When most couples get married, little thought is given to the possibility that their marriage might end someday. While no one is likely to be thinking of divorce before the marriage license is signed, it is definitely important for Oregon couples to consider preparing a prenuptial agreement before the wedding. The agreement is even more critical for those couples that are equally successful as individuals to protect their respective financial futures. Prenuptial agreements, or prenups, sometimes have negative connotations associated with them, but they are vital documents to protect divorcing spouses.
Experts state that prenups are designed to protect each partner in marriage rather than favor one party after a divorce. Assets brought into the marriage as an individual are protected. This is becoming more important since many couples are marrying later and have already accumulated certain assets. An agreement would also address those assets acquired as a couple to determine how they would be split after a marriage ends.
Advocates for prenups stress that the documents should not be viewed negatively but rather as a tool to protect everyone involved. It is helpful to have an honest discussion about future plans for careers, family, property division and other issues from the outset of a relationship. It is also important to note that a prenuptial agreement can be amended when circumstances change.
Those Oregon couples preparing for a wedding should consider developing prenuptial agreements together. A family law attorney familiar with these agreements can offer advice specific to a couple's situation. Having these documents in place will provide peace of mind that the financial futures of all parties involved are protected.
Source: vegasinc.com, "Why successful couples need a prenup", Brian P. Eagan, March 6, 2017