All is well in the world. You recently proposed to your significant other and a "Yes!" was said, and now the two of you are planning a wedding and a lifetime of happiness together as a new family. The last thing in the world you want to think about at this time is the possibility of divorce. Yet, statistics show that divorce is still common in the United States. There is no good time to bring up the possibility of divorce to your fiancée, but there are many reasons why you may want bring up the topic, and suggest that maybe you two talk about a prenuptial agreement, also called a prenup.
A prenup can help a couple not only with property division if a divorce were to occur, but during a marriage as well. If the unthinkable happens and one spouse is killed during a marriage, a prenuptial agreement could have their wishes documented on how to handle the division of property between the surviving spouse and perhaps children from another marriage.
A prenuptial agreement can also be incredibly helpful in establishing financial rules to be honored during a marriage. It could include who is taking care of the financial responsibilities such as paying bills, allocating money for emergencies, how much goes into checking and savings accounts, investments and retirement funds, etc. Communication with your spouse is always important, and having each side's thoughts written out can make things far easier and healthier during a marriage.
Although a prenuptial agreement can be drafted without the help or guidance from a legal professional, there are several things that cannot be included in a prenuptial agreement, and including some of these items could not only void the item in question, but the entire document. With this in mind, it might be in a couple's best interest to make certain that a prenuptial agreement is either written with legal professionals or at the very least seen by legal professionals who handle family law. Failure to do so could jeopardize the entire document and cause serious issues down the road.