Tuesday, August 28, 2012

Prenuptial Agreement: Essential Step to Consider Before Tying the Knot


By just hearing the words prenuptial agreement, people already have certain opinions and negative reactions to the idea. Many engaged couples find this unromantic and wouldn't even let the topic be up for discussion. The notion that you are even considering the possibility of the failure of your marriage is a thought unheard of by some individuals. However, when personal properties and assets are on the line, people find prenuptial agreements as a practical and essential aspect of starting a marriage. It doesn't help that the divorce rate in various countries are rising each year. This fact is another reason why it is advisable to consider prenuptial agreement before tying the knot.
Older couples are more open to this idea. This is probably because many of them are already set in finances and have acquired assets and properties that they may want to secure in case the marriage turns sour and separation is the only option. The prenuptial agreement would keep individual assets and properties separate. People who have been divorced before are more open to the idea of a prenuptial agreement as they have experienced the complicated process involved in divorce property settlements. The only thing keeping them from that possibility the next time around is a prenuptial.
For people considering this legal matter, try to consult with family and friends or better yet, get advice from a professional. It might be also good to give your future spouse a heads up if you are already planning to have this drafted. While others think of this as a plan B when the marriage fails, experts also think of it as a good financial plan for couples. If one suddenly acquires a debt or loan, the other will be financially secure from it.
How to Approach Your Future Spouse
Some engagements have truly ended before they can even lead to the walk on the isle because of this prenuptial agreement issue. Many people still feel strongly about it that they can sometimes overlook the practicality involved with such an arrangement.
It might not be exactly the easiest topic to discuss with your future spouse. There's no easy way to raise the topic and discuss this matter but letting them know early on can help settle the issue as soon as possible, so you can, then, fill your days with excitement for the wedding day. If you discuss this when you're nearing the wedding date, you can expect it to be a kind of letdown that may lead to bigger issues.
A study showed that 15% of divorced individuals regret not having a prenuptial agreement. Don't be one of these folks and consider if this is something practical to your current situation.
You can secure your finances with a prenuptial agreement Australia. Contact an attorney for advice or get a pre-marriage contract drafted for you.


Article Source: http://EzineArticles.com/7232934

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