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Here’s why a prenup may not be a bad idea

It’s understandable that many couples in Kansas may think discussing a possible end to their marriage before it even begins could be detrimental to their relationship. It seems there has been a decades-long societal stigma surrounding prenuptial agreements. Even though prenups often get a bad rap, they can be massively beneficial in the event of a high-asset divorce.

Any couple going into a high-net worth marriage should strongly consider a prenuptial agreement. If one spouse owns a business or has many assets and property before the marriage, a prenuptial agreement can act as an insurance policy of sorts. In the event of a divorce, a prenup would allow the individual to protect the ownership of his or her assets. Also, some people believe that a prenuptial agreement assures that a couple is not marrying for financial gain.

Those who have been previously married will often request a prenuptial agreement before a subsequent marriage. Many times, the individual has suffered through a bitter divorce and does not want to marry again without the assurance of financial protection. Also, if an individual has children from a previous marriage, a prenup can help protect the children’s financial interests as well. A prenuptial agreement can make sure that assets will remain separate property and permit the individual to create a will or living trust to provide for his or her children upon death.

Discussing a prenuptial agreement with a soon-to-be spouse may be uncomfortable. But, with the current divorce rates hovering just under 50 percent, it only makes sense to prepare just in case. Kansas residents who want to know more about prenuptial agreements or divorce protection may want to consider discussions with a legal representative. A knowledgeable family law attorney can answer questions and help couples gain an understanding of their options and rights.