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Residential Lease Agreement
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What is the Need for a Prenuptial Agreement? {{ currentPage ? currentPage.title : "" }}

Marriage is a social institution that is based upon the principle of consent. Marriage is a union between a man and woman. It is regulated by law and is generally recognized by society. A prenuptial agreement is a contract between two people who have decided to get married. It is a written document that spells out what happens if they break up. If you want to protect yourself from financial problems after marriage, then a prenuptial should be considered.

In order to make sure both parties are protected before they tie the knot, a prenuptial agreement may be drawn up. A prenuptial agreement template covers a wide range of issues including property division, child custody, alimony payments, and even medical bills.

Property Division

Property division refers to how the assets of a couple are divided after they are married. Divorce laws vary from state to state, but most states require that at least half of the marital assets be split evenly between the husband and wife. This is a contract that is drafted before a couple gets married. These agreements are designed to protect the assets of the couple if something were to happen to them.

Child custody

This agreement is one of the legal templates and states what the terms of custody of children are. A prenuptial agreement needs to be signed by both parties, so as to be considered binding. These agreements can cover anything from alimony payments to the custody of children. Parents can determine which one of them will be responsible for the upkeep and upbringing of the child born to them.

Alimony payments

Prenups are contracts that also fix the payment of alimony. This is a contract that is drafted before a couple gets married, and specifies how much one of the partners will pay the other upon the dissolution of marriage, so as to ensure the survival of the non-earning partner.

Insurance

Prenuptial cover many different aspects of a relationship. One of these is insurance, and who will be responsible for the payment upon breakup of marriage.

If you have been thinking about getting hitched, then you should definitely consider having a prenuptial written out.

Author Bio

Carl writes often about legal drafting and help.

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