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Tips for Planning a Prenuptial Agreement

On behalf of Shelly McKeon
According to the Maryland Department of Health and Mental Hygiene’s Vital Statistics Administration, there were 15,118 divorces and annulments in the state that were completed in 2014. If those couples had a prenup, they probably did not have to worry about losing any of their pre-marriage assets. However, most twosomes do not want to think about their marriage ending before it even begins. Even though there are certain stigmas, planning a prenuptial agreement can be important for soon-to-be-spouses with a lot of assets or liabilities.

Propose the agreement

For many couples, the hardest part of planning an asset-related agreement before a wedding is broaching the topic. Prenuptial contracts are often viewed as a way to plan a divorce, so brides and grooms across the country see this as an unromantic way to start a marriage. Using the right proposal method may make this process easier. Fiancés might be able to talk about a prenup by using discussion points, such as the following:

  • Explain the professional commitment to a medical practice, small business or law firm that requires a contract to keep the company safe.
  • Focus on protecting the interests of children from a previous marriage or future children.
  • Discuss how this contract can be used to make sure both parties will be provided for in the case of a divorce and how it can provide certainty for both parties.

Broaching this topic from the right angle may help show the other party the true intentions of his or her fiancé.

Think ahead

Wedding planning can consume months or years of a couple’s life. Just as a couple may want to weigh the pros and cons of using a certain caterer, soon-to-be spouses may need time to review a contract. Starting the prenuptial process six months or more before a wedding should give both parties time to review the document and make any necessary changes.

Look at nonfinancial matters

A prenup can focus on more than finances. For example, a couple may choose to plan their future together and create guidelines for their relationship by including clauses about family vacations and date nights. This premarital contract could also protect both parties from being badmouthed on social media through a section that stipulates no negative pictures or posts can be put on any social media platforms during or after a separation.

The benefit of talking about the future before a wedding in Montgomery County is that both parties are in love and looking at the best interest of their soon-to-be spouse, which could make any future divorce proceedings less painful for everyone involved. Working with a knowledgeable attorney may make creating a fair and enforceable prenuptial agreement possible.

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