Richard C. Bardi & Associates LLC

Prenuptial agreements can help many engaged couples

Prenuptial agreements provide specific protections for couples, but some might wonder if there are times when there isn't a need for one. The fact is that everyone needs to think of their own unique circumstances to decide what is right for their needs.

Typically, if neither party has considerable assets and isn't likely going to get any inheritances or other assets, there might not be any need for a prenuptial agreement. Some couples might find that discussing a prenuptial agreement isn't worth the effort. It is possible for these individuals to think about a postnupital agreement after the marriage.

If you do decide to get a prenuptial agreement done, you have to make sure that it isn't one-sided. Agreements that tip to one side are likely going to thrown out if they ever go before the court. You have to make sure that the prenup protects both parties equally. You also need to handle this early in the engagement as documents presented just before the wedding might be thought to have been signed under duress.

Don't be tempted to include any provisions for children in the document. You can't decide these matters, including support and custody, ahead of time. Instead, you have to think about these if the divorce occurs.

Sometimes, the determining factor is the income of the parties. People who make at least $100,000 per year might decide that they do need a prenup. The same is true for those who own property and anyone who owns a business. Even though this isn't a romantic topic, the protections and stability that you and your betrothed might have when it is made might be worth the little bit of effort.

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