Importance of prenuptial agreement before marriage

20th Mar 2013

A binding financial agreement, or otherwise known as a prenuptial agreement, is a very delicate subject for couples to discuss before marriage. Despite this, broaching the issue of a prenuptial agreement is an important step in your long term financial planning. The team of family lawyers at Rostron Carlyle can help you address the delicate issue of prenuptial agreements with your partner and avoid a relationship breakdown.

What is a prenuptial agreement?

A prenuptial agreement is a contract between two people that is agreed upon before marriage. A prenuptial agreement can involve a number of legal issues but usually concerns the division of property or spousal support provisions in the case of a divorce in the future.

How people view a prenuptial agreement

There is a lot of negative sentiment surrounding the issue of prenuptial agreements. Many believe it is a sign that one or both partners are unsure that their marriage will last. Many people are offended when faced with the prospect of a prenuptial agreement and see it as a sign that their partner does not trust them. But a prenuptial agreement does not mean that a divorce is guaranteed. Instead, the agreement can show transparency between partners, helping to build trust between them. Partners should be able to discuss a prenuptial agreement before they plan their wedding in order to resolve any trust issues or hesitations.

Benefits of a prenuptial agreement

A prenuptial agreement allows a couple to come to a set financial arrangement in the event that they should separate. This outlines what property and assets will be allocated to each individual in the event of a divorce. This can also save them thousands of dollars in litigation in the future.  Prenuptial agreements allow each partner to protect their assets, as well as their family member’s assets. This includes the spouse’s family business, property, jewellery and other highly valued possessions. It can also protect the individual and their family from any debt entered into by their partner.

Rostron Carlyle’s highly trained family lawyers can assist you in broaching the topic of prenuptial agreements with your partner. For more information about prenuptial agreements or the legal services provided at Rostron Carlyle, visit their website or call them on (07) 3009 8444.

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