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Why children should learn about prenups early

On Behalf of | Jul 16, 2018 | Divorce, Firm News |

Parents in Nebraska and throughout the country may want to have a conversation with their children about prenuptial agreements when they first start dating. By waiting until just before the wedding to introduce the topic, a parent could offend a son or daughter as well as the person he or she is marrying. By talking about the subject early, a child can learn that such agreements can be beneficial as opposed to detrimental.

As around half of all marriages in the United States end in divorce, having a prenuptial agreement can save time and money. All a person has to do is follow its terms to officially dissolve the marriage. If a parent wishes to transfer a large sum of money to a child, that money can be protected with a prenuptial agreement. Those who marry later in life can also protect their own assets by asking for such an agreement.

Having a conversation about prenuptial agreements early takes some of the mystery out of these documents. It also assures a son or daughter that creating this document isn’t a commentary on what they think of a future spouse. To drive the point home, parents could talk about what happened to a family member or a celebrity who didn’t have a prenup and the problems that it caused this person.

It is possible for a person’s emotions to play a role in the decisions that he or she makes in a divorce proceeding. With a prenuptial agreement, it is possible to use objective measures instead of emotions when deciding who gets alimony or who keeps the marital home. These agreements may also determine who is responsible for paying off joint debt or whether a person who owns a business is allowed to retain sole ownership.