When a couple in New Hampshire decides to marry, there are thousands of decisions that must be made. While many relate to their wedding ceremony, they must also determine where they will live and how certain bills and debts will be paid. In many instances, a prenuptial agreement can help map out their future. Despite some people who believe that the creation of a prenup is planning for divorce, there are many benefits to such an agreement.
Because many people are waiting to marry later in life, they often go into marriage with more assets and more debt. The discussions required to make such a document allows couples to be completely open and honest about their financial situation and goals. In addition to mapping out who will receive what asset, it also allows couples to determine how debt will be divided in the event of a divorce.
Many couples may have concerns that a prenuptial agreement is a binding document. However, as circumstances change, they have the option of creating an amendment or post-nuptial. Some argue that a couple is more open with each other in the time period before a marriage, making it easier to make financial decisions in comparison to making the decisions during conflict.
While it is ultimately the best decision for some, the process of divorce is often an emotional experience. A prenuptial agreement can help reduce the conflict over financial concerns as they have already been agreed upon. People considering such an agreement in New Hampshire often seek help experienced family law attorneys to help ensure that the terms of a prenup are fair and enforceable.
Source: businessinsider.com, "Here's why every couple should get a prenup", Emmie Martin and Libby Kan, Nov. 15, 2016