Explanation of Reasons for Pre or Postnuptial Agreement
While drafting a pre- or postnuptial agreement may not be the most romantic thing to do with your partner, it is an important way to ensure the rights and financial security of both of you are protected. Many couples benefit from having frank discussions about their individual assets, their saving and spending habits, and their current income and future goals, while openly confronting our nation’s distressing high divorce rate.
Three Reasons A Prenup or Postnuptial Agreement Is a Smart Idea for Couples
When drafted under guidelines established in the Georgia Domestic Relations code, prenuptial and postnuptial agreements outline issues related to the division of marital property and alimony in the event the couple eventually divorce. There are three important reasons why a prenup contract or post marital agreement should be considered:
- Communication: According to Psychology Today, stress over financial issues is one of the leading causes of marital problems and divorce. Establishing a pattern of honest communication about financial matters can have a positive benefit on your relationship.
- Clarification: Issues can arise when spouses fail to understand each other’s financial expectations or feel that their partner is being less than honest with them about money. Clarifying your individual and inherited assets and your attitudes towards financial management can help avoid potential problems later in your marriage.
- Assurance: Having a pre- or postnuptial agreement provides the security that your rights, interests, and individual property is protected, both now and in the years to come.