The creation of prenuptial agreements provides couples with the opportunities to have serious conversations about finances, including both debts and assets prior to getting married. While many believe that these agreements are solely for very well-to-do couples, this is not the case, which is a fact to which many family law professionals can attest. A prenuptial agreement can be beneficial for couples in Georgia that have businesses or for those who are getting married later in life.
Before creating a prenuptial agreement, a couple should decide what the purpose of the agreement is going to be. For those with significant investments or businesses that they want to protect in the case of divorce, it is beneficial to understand what prenuptial agreements can do to protect these. An agreement can be a good precaution, especially when the there is a noticeable disparity between the assets of the two parties.
Furthermore, those couples who are choosing to marry later in life may find prenuptial agreements helpful as well. These people often have a variety of assets that they have acquired throughout the courses of their lives that they may want to protect or ensure that they will be passed on in the case of divorce. By creating an agreement before a wedding, both parties can have clear ideas of where the other party is financially and which properties or assets will remain separate or become marital.
Couples who are considering marriage may also be interested in forming prenuptial agreements. With the assistance of family law professionals, these agreements can serve clear purposes for the couples and their marriages. Prenuptial agreements are not simply for the wealthy, as they can be practical for any couple getting married in Georgia.
Source: businessinsider.com, “ASK A FINANCIAL PLANNER: ‘What should I include in a prenup?’“, Sophia Bera, April 17, 2016