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Why couples should consider prenuptial agreements

Prenuptial agreements can be ideal for those getting married in Tennessee and other states. This is true regardless of how wealthy they may be. One potential benefit of a prenuptial agreement is that it solidifies the terms under which a divorce will take place. They can also be used to determine what happens to student loan or other debt held by one person but paid off using the other's funds. The agreement could state that the other spouse is entitled to compensation or other considerations in exchange for the financial assistance.

It isn't uncommon for couples to have pets during the course of their relationship. If a divorce occurs, it may be possible for a couple to write out ahead of time what happens to the animals. As with a child custody agreement, it can be as flexible or narrow as the couple wants it to be. However, unlike a child custody agreement, it likely won't be upheld or enforced by a court.

Finally, if an individual chooses to freeze eggs or sperm, it is important to determine what happens to those items in the event of a divorce. It may be possible to have eggs or sperm considered separate property, which allows for an individual to determine how to use them in the future.

Creating a prenuptial agreement may allow for greater asset protection and less drama when it comes time to officially terminate a marriage. An attorney may be able to help craft the agreement to ensure that it will be valid under state law. If a couple chooses to amend their agreement, a new document will typically need to be created. Legal counsel may help make sure that it is in an individual's best interest to sign.

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