Prenuptial Agreements Basics. A Quick Short Guide to What You Need to Know.

You’ve secured the venue, found the perfect dress and tuxedos, booked your honeymoon and… signed your prenuptial agreement?

Now more than ever, there’s a rise in prenuptial agreements among millenials.

In fact, according to a survey by the American Academy of Matrimonial Lawyers, 51 percent of divorce attorneys noted this increase. 

A New York Times article also cited how prenups are approached has changed as well. 

In the past, the person with more money and more to lose would approach their partner with a prenup to protect their riches. Now, it’s becoming more of a mutual agreement between both involved about their financials. 

If you and your significant other are considering a prenup, you’ll want to keep these three things in mind before you get the ball rolling. 

Be Open and Honest

A prenuptial agreement isn’t something that you should decide on last minute. The decision takes time and communication to decide upon. We suggest bringing the topic up as soon as possible. To avoid emotional decisions, start these conversations before you begin planning the wedding. You’ll be more apt to have a clear mind which will help you make more rational decisions.

Contact an Attorney

As soon as the decision to get a prenup is made, it’s imperative that you seek the help of an attorney. You don’t want to be hashing out the details of your prenup right before you say I do. The sooner you do so, the better. Consulting with an attorney will help you fully understand your rights and responsibilities.

Get Organized

Planning a prenup requires you to pay attention to the nitty gritty details. Both parties should have a detailed list of all their assets and debts in order. This list will allow you to see the big picture of your assets so you can decide what you want to protect if a divorce is to occur. 

There’s a lot more that goes into a prenuptial agreement and if you’re looking for professional assistance during this time, consider Anton Garcia Law. We have experience with creating favorable prenup agreements for all parties involved. Give us a call to set up an in-depth consultation for your prenuptial agreement today.