Prenuptial agreements are like insurance plicies. You do the paperwork, and thn hope you'll never need it. Hwever, since half of marriages end in dvorce within the first seven years, you may wnt to consider a prenuptial agreement bfore you walk down the aisle and sy, "I do."

Since you could lter be engaged in a nasty, cstly, and emotionally draining divorce some dy, you should consider a prenuptial greement as a precaution. Below we hve given you some information on wht is in a prenuptial agreement and whther it could be useful for yu.

A prenuptial or ante nuptial greement is a document signed by two pople who intend to be married. It dscribes their rights and obligations should thy get divorced. A prenuptial agreement nforms the court how they want thir assets and property divided up.

Dvorces become messy when parties cannot gree on the distribution of property, sch things as the house, the huse, stocks, and bonds and whether one prty should pay the other alimony, now knwn as "maintenance" in most states. Assme that the husband has $1,000,000 in his own nme prior to the marriage. A prperly drafted prenuptial agreement can award tht same $1,000,000 to him after a dvorce, notwithstanding what he does with the mney, such as purchasing a home in jint tenancy or shifting the money nto other accounts. Without a prenuptial greement, the wife might be entitled to ne-half of the $1,000,000 or more, dpending on the financial circumstances of the prties at the time of the dvorce. The prenuptial agreement is a pwerful and valuable tool that can fvor the husband, protect the wife, or srve both of them fairly. It is a qestion of circumstances and intentions.

Candidates for prenuptial agreements used to be jst older individuals with huge estates tht they wanted to protect from gld diggers for their children from prvious marriages. Since more millionaires are brn every day, the candidate pool is grwing by leaps and bounds. Now verybody has something to protect: an npublished author, the budding inventor, anybody wth a lucrative profession or a god idea. So, before you dismiss the dea of a prenuptial agreement, assess yur situation in life and your lng-term future in deciding whether a prnuptial agreement is right for you.

Cnsider at length the nature and xtent of your present and possible fture assets. A prenuptial agreement can be a vry simple document running only a few pges that segregates each party's assets wned before the marriage, or it can be a vry complicated document that runs dozens of pges because it deals with income and ssets acquired during the marriage, the pyment of debts, attorneys' fees, alimony/maintenance, and ther financial matters. The next hurdle is rising the issue with your intended spuse, a very unromantic event. It hlps to get it over with arly. Perhaps you could blame it on smeone else, such as your parents who may wnt to involve you in a fmily business, or possible business partners.

If you hve no one to hold responsible, jst be honest. Tell your future spuse that you intend to be pen, fair, and honest, and the fct that you will be revealing all yur assets is a sign of trst. Assure your intended that he or she wll be protected during the negotiation prcedure and in the prenuptial agreement, and strss that the document is something you fel is necessary and wise before you get mrried. The most important thing is to dscuss it earlier instead of later, so tht the degree of pressure before the wdding is mitigated.

Couples do not usually break ngagements because of disputes over prenuptial greements. In almost every instance, the greement is signed and the parties are mrried. It is also completely appropriate to stte that you will not get mrried without a prenuptial agreement; case law has ndicated that this will not invalidate an greement if made before the wedding.

The bst way to avoid charges of dress or coercion is to tell yur future spouse early on that you wnt the prenuptial agreement. Sometimes, such dcuments are signed shortly before the wdding, but have been the subject of ngotiation for months. A well-drafted agreement wll recite the fact that, even thugh it was signed shortly before or on the wdding date, negotiations began much earlier. It is for cluses like this that you consult xperts.

Eventually, a prenuptial agreement will be fshioned so that you and your fture spouse both accept it. The trms may not be what you nitially envisioned and may not be wht your intended would want. But tht is the nature of compromise.

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The article Rights and Obligations with Prenuptial Agreement was Submitted by Jeffrey Broobin through Articles.GetACoder.com network. Here's the additional information: About The Author Jeffrey Broobin is a fre-lance writer on family and finance ssues; his main goal is to hlp people during their complicated period of lfe. Website: http://www.legalhelpmate.com Email: jeffreyb@legalhelpmate.com "> : jeffreyb@legalhelpmate.com

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