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When to consider signing a prenuptial agreement

Texas residents who are entering into a marriage likely have a lot on their minds. It is undoubtedly an exciting time for many -- but it can also be a stressful time. There is often much to consider and a lot of planning to be done. Many of those entering a marriage want to make sure to protect their assets and ensure that their interests will be carried out in the unfortunate event of divorce.

Those entering into a marriage likely do not want to think about divorce. But considering the divorce rates in Texas and the greater U.S., it often makes sense to consider divorce as a very real possibility. This is where a prenuptial agreement can come into play.

Many people may fear having to discuss prenuptial agreements with their future spouse. However, it is a conversation that can help ease the mind of both parties. Both partners entering into a marriage often have concerns about finances. Many disagreements can be avoided simply by signing a prenuptial agreement. Finances, property and a marital asset arrangement can all be arranged.A prenuptial agreement can document each spouse's separate property. It can also support an estate plan and help the drafter of the prenuptial agreement avoid a court decision. There can also be a distinction made between what is considered marital property, and what is considered community property. And, in general, it can often help to reduce conflicts in a divorce.

Having the conversation with a future spouse about whether or not to sign a prenuptial agreement may be a source of anxiety for some. However, it is often an important a useful conversation to have.

Source: FindLaw, "How to Determine if a Prenuptial Agreement is Right for You," Accessed on March 27, 2017

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