Most people in New Hampshire are familiar with the idea of a prenuptial agreement. However, even though such a legal document has a variety of important uses, it has many different negative connotations. Unfortunately, this view may deter some people from creating what could be a tool that is useful in circumstances beyond a divorce.
For some, a prenuptial agreement is similar to car insurance. People often pay for protection with the hope that they will never actually need it. Such is the case with a prenuptial agreement. It is not simply planning for divorce, but ensuring there are protections in place in case such an event occurs or in other circumstances such as time death of a spouse.
While there is a misconception that prenups are only for the wealthy wishing to protect their assets, many couples can benefit from one. These agreements can be especially helpful in the case of a marriage where either spouse has children from a prior relationship. By clearly defining what assets are individually held, versus marital property, a person can protect him or herself -- and one's children -- during asset division, potentially ensuring financial stability.
Many people in New Hampshire fear that a contentious legal battle must follow the decision to seek a divorce. However, many important and difficult decisions have already been made through the completion of a prenuptial agreement when one is created prior to the marriage, potentially reducing many of the costs and time associated with asset -- and debt -- division. An attorney with experience with family law can help those who are interested in such planning ensure that their interests are protected.
Source: yourtango.com, "3 Reasons You Might Need A Prenup (Even If You're Not Old And Rich)", Kevin J. Chroman, Esq., Nov. 2, 2017