The decision of whether or not to enter into any kind of formal legal agreement before getting married is a personal one. In some cases, couples who are about to get married in the state of Massachusetts prefer not to enter into a prenuptial agreement because they assume that their marriages will last. However, prenuptial agreements offer several benefits in the event of divorce, which are not always avoidable.
One of the biggest benefits of a prenup is that it documents each party’s separate property so that this property remains protected if divorce occurs. Prenups can also help with supporting estate plans and preventing the courts from having to get involved in property distribution. Furthermore, prenuptial agreements help with detailing special arrangements that both spouses make with each other.
Another advantage of a prenuptial agreement is that it can help to reduce conflict during the divorce process. In addition, these agreements are useful for establishing rules and procedures for issues that might crop up in the future. Spouses can even assign debts to each other, such as student loan debt or credit card debt, so that both spouses do not have to share debt liability.
Perhaps the best part of having a prenup is that it helps with avoiding lengthy court proceedings during divorce. Not only is going to court time consuming but also it can be expensive and stressful, especially when the children are involved. An attorney in the state of Massachusetts can help with putting together prenuptial agreements so that one’s best interests are safeguarded.
Source: findlaw.com, “How to Determine if a Prenuptial Agreement is Right for You“, Accessed on April 12, 2017