3 Things a Prenuptial Agreement Should Address

If you are planning on completing a prenuptial agreement, there are many different things that you could include. Here are a few things to consider addressing in your prenuptial agreement.

1. Debt

If one of the parties in the prenuptial agreement has a large amount of debt, you may choose to address this in the agreement. By doing this, you will make sure that any of the debts that were incurred before marriage will stay with the person that incurred them if the marriage dissolves.

2. Assets

You might also choose to keep your assets that were earned before marriage separate. For example, if you have a vacation property that you own individually, you might choose to keep this separate from your spouse's property so that it could be left to your children in the event of your death. This might also be applicable if you own a business and do not wish to divide it during a divorce.

3. Spousal Support

Many times when a divorce occurs, spousal support will play a role in the financial implications of the divorce. You can choose to address spousal support in a prenuptial agreement before the marriage takes place. This will allow you to limit the amount of money that can be allocated to spousal support if you file for divorce.

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