Approaching your finance about a premarital agreement may seem awkward, but sometimes it is a necessary situation. This type of document can protect you if your marriage ends in divorce.
Brides Magazine explains there are some solid reasons behind requesting a premarital agreement, and it makes sense to have one in place if you are in certain situations.
Previous entanglements
If you or your finance have children from another relationship or agreements in place from a previous divorce, a premarital agreement is a good idea. You will need to spell things out to ensure stability and to prevent misunderstandings. It can make a safer union for both of you to know going in what the expectations are and ease worries due to previously bad situations.
Finances
If you or your spouse have complicated financial situations, then you need an agreement. This is especially true if one of you is much wealthier than the other or if one of you will receive an inheritance in the future. In addition, if one of you has substantial debt, you will want to iron that out before marriage. Finally, if one of you owns a business, you need to have an agreement spelling out what will happen with it should you divorce.
You need to be on the same page when it comes to money. Not only will an agreement help you to know what to expect, but it also opens up communication about finances, which is beneficial to your relationship.
While it may seem like a premarital agreement is a bad thing, that is not true. It can actually help strengthen your relationship. It never hurts to prepare for what the future may hold. Creating this agreement can get your marriage off on the right foot, and it can save you a lot of headaches in the future.
