Who Needs a Prenup Agreement?
Prenuptial agreements are usually most associated with the rich and famous. But the wealthy aren’t the only ones who can benefit from a premarital agreement. Here are some other reasons why some people may want a prenup:
- In the case where a marrying couple has children from prior marriages, a prenuptial agreement can be a useful tool that will dictate what will happen to their property should they die. This will allow the couple to pass on separate properties to their children and still provide for each other, if necessary.
- For couples with or without children, a prenup can be used to clarify their financial rights and responsibilities during marriage.
- Some couples choose to enter into a premarital agreement specifically to avoid potential arguments should they ever divorce. The prenup is agreed to in advance of their marriage and directs how their property will be divided and whether either spouse will receive alimony.
- In cases where one partner has a lot of debt entering the marriage, a prenuptial agreement can be used to protect the other spouse from the debt, and vice-versa.
Experienced Mediation Can Help You Reach a Fair Premarital Agreement
An experienced mediator can be an invaluable resource for helping you and your partner create a fair prenuptial agreement that meets both of your interests. Mediation sessions are informal, unbiased, and always confidential, making them an ideal alternative to having a prenup created in a lawyer’s office.
If you and your partner are interested in creating a premarital agreement that meets both of your needs, contact Mediation Professionals of Long Island today. We offer compassionate and experienced mediation services that will help you and your partner reach a resolution that works for both of you.
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