Getting married is one of the happiest times of your life. Just like planning for the wedding is a priority, planning for
how your assets will be handled once you are married should be a priority as well. If you are wondering “Do I need a Prenup?” I hope this blog gives you a place to start in answering this question.
What is a Prenup?
In New Hampshire, Prenups can be called by several names, Antenuptial Agreement or Prenuptial Agreement. A Prenup for short, is an agreement entered into with your fiance prior to your wedding day. It is designed to state how you would like your assets handled should a “marriage termination event” take place.
Why would I need a Prenup?
Anyone who has personal and/or business assets established prior to the marriage could benefit from a Prenup. A Prenup will disclose your assets and debts to your fiance to ensure that you both have a clear financial picture prior to the wedding ceremony. The goal of a Prenup is to set your intentions with regards to how finances will be handled during the marriage and how they will be handled if the marriage ends. If done correctly, a potentially long, expensive Court battle down the road can be avoided. Many people create estate plans to avoid the same type of future expense and headache; a Prenup can accomplish a similar goal.
Hopefully you will never need to use your Prenup but having it is a great step in ensuring that you and your future spouse are on the same financial page.
To learn more about Prenups and if they are right for you, please feel free to contact us in downtown Nashua, NH for a consultation. Call us today at (603) 943-5647.