More Couples Signing Prenuptial Agreements in Uncertain Economy
Posted on Feb 16, 2012 12:00am PST
When people get married in Georgia and elsewhere, it seems impossible to
imagine that the union could ever be broken. However, many marriages end
in divorce, and those who have planned ahead and signed a prenuptial agreement
might find the divorce process to be easier.
In 2010, a survey showed that nearly one-third of single Americans would
ask their future spouse to sign a prenuptial agreement. Although people
may think a prenuptial agreement is only needed for couples where one
person is wealthier than the other or where there is a large age difference,
it may be helpful for couples in a variety of situations.
Younger couples may find it beneficial to sign a prenuptial agreement,
especially if one person stands to receive a large inheritance or if one
person is part owner of a family business. In addition, people who are
remarrying or those who are in the midst of a successful career may find
it beneficial to sign a prenuptial agreement.
The uncertain economy appears to have encouraged people to think about
prenuptial agreements. The American Academy of Matrimonial Lawyers found
that the number of couples opting to sign prenuptial agreements has increased
in recent years.
Couples interested in signing a prenuptial agreement should consider a
few things. First, it is a good idea to discuss it well before the actual
wedding day. It is also important to lay out everything on the table so
that couples have a clear understanding of each other's financials.
Some couples may even request a credit report. Couples should also plan
to work with separate attorneys. If they work with the same attorney,
the prenuptial agreement could be challenged in court.