From picking the right location to completing the guest list, a lot of planning goes into a wedding. However, planning a successful future and marriage involves more than just creating a nice wedding. For some couples in Alabama, it might also involve planning for something one might not give much thought to before “saying I do” — divorce. This is often best accomplished with a prenuptial agreement.
There are many reasons why a couple might want to consider signing a prenuptial agreement. For example, if one person has a lot of debt, a prenuptial agreement can clearly state that the debt is separate property and not the responsibility of the other person. This would prevent joint marital property from being used for separate, premarital debts.
Another reason to consider a prenup is if one or both people have children from previous relationships. A prenuptial agreement can clearly state that certain assets — such as one spouse’s income or premarital assets — will remain separate. This allows that parent to continue providing for his or her children regardless of what happens, and may be a good compliment to estate planning documents. Other reasons an Alabama couple may want to consider a prenup include if one person is:
- A business owner
- Expecting an inheritance
- Planning to be a stay at home parent
It is always a good idea to protect one’s self with possible. When it comes to marriage and divorce, a prenuptial agreement may be one of the best ways to do so. Clearly addressing everything in the time leading up to a wedding can be difficult though, so it may be helpful to seek expert guidance before signing anything.