While prenuptial agreements may not seem romantic, they can save Tennessee couples a lot of grief after they get married. Having one does not mean a couple is planning to divorce later on. Rather, with financial woes causing many a couple to divorce, it may save a marriage since couples will be disclosing their financial pictures before the vows. Couples should discuss a prenup early on in their engagement and not wait until the last minute to talk about it.
While some Tennessee couples who are planning to get married may take the time to draft a prenuptial agreement, not all couples do this before tying the knot. If the marriage later becomes troubled, however, the married couple may have the option to draft up a postnuptial agreement.
Prenuptial agreements can be a practical and responsible way for Tennessee residents to control their financial futures. They may dictate what happens to assets in the event of a divorce, death or accident. It is important to understand that these agreements are not meant to keep one person down in the event of a divorce or some other unforeseen event. Ideally, they help each party protect whatever they bring into the marriage.
Studies have shown that February represents the busiest month of the year for divorce in many states. While divorce can have a significant effect on someone's life and finances, a prenuptial agreement could significantly limit any negative impact. Prenups can both reduce the risk of a surprising outcome from a divorce and protect a spouse's finances.
Tennessee couples who are considering marriage may be interested to learn that a little more than half of family law attorneys who participated in a survey saw a boost in the number of prenuptial agreements that were being requested by 18- to 34-year-olds. These numbers are consistent with a 20-year trend where more couples were requesting prenuptial agreements.
The prenuptial agreement has gotten a pretty bum rap over the years. For those who believe that love is all that matters, the concept of asking a future spouse to sign a contract that defines who will get what in the event of a divorce is sacrilegious – a signal that the couple is somehow less than committed.
Prenuptial agreements are a topic many marrying couples choose to ignore. After all, discussing a contractual document does take away from the romance of selecting a ring, a dress, a cake and other exciting details for your pending nuptials.