Prenuptial Agreements—Pros and Cons

Standardized Legal Documents Prenuptial Agreements—Pros and Cons

Take a Look at the Prenuptial Agreement’s Pros and Cons

Are you thinking about getting married? You should consider protecting your interests and belongings in case the happily ever after doesn’t work out. DoNotPay has the scoop on prenuptial agreement’s pros and cons and can assist you with creating this legal document in no time!

What Info Should Every Prenup Agreement Include?

A prenuptial agreement, also known as a premarital agreement, is a legally binding document that future spouses sign. This agreement exists to clarify what will happen with the couple’s personal property in case they get a divorce.

You need to have a prenuptial agreement checklist of information that the agreement should contain before making one. Every agreement of this types needs to include:

  • Personal info of both spouses
  • Date of entering the agreement
  • Duration of the agreement
  • A list of non-marital proprietary assets
  • Details of business ownerships
  • Alimony details
  • Info on handling the saving
  • Ways of handling the income made during the marriage
  • Obligations of each party in case of divorce
  • Severability information
  • Credit and debts info
  • Property distribution in case of a partner’s death
  • Terms of agreement termination

What Shouldn’t Be Included in a Prenuptial Agreement?

A prenuptial agreement is not an all-powerful legal document. There are certain statements that cannot be a part of this contract:

  1. Spousal duties during the marriage
  2. Parenting time after the divorce
  3. Child custody and support after the marriage ends

Before making a prenuptial agreement, you should also go through all the pros and cons and see if it is the right choice for you.

What Are the Prenup Agreement Pros and Cons?

Take a look at the table below to see the upsides and downsides of a prenup:

Prenuptial Agreement
  • Protects the finances of each spouse
  • Keeps any business assets safe
  • Makes sure inheritance rights of children from a previous marriage are protected
  • Protects family heirlooms and any separate property
  • Divides the couple’s debts, thus ensuring no one ends up paying what the other person owes
  • Offers the possibility of reimbursement if one of the parties gives up on a career for family
  • Covers responsibilities and decision-making in advance
  • Sets the limit of spousal support after a divorce
  • Keeps the finances of older and ill people safe
  • Answers the questions about the situation in which one of the spouses passes away
  • May provoke negative emotions as if the marriage were doomed in advance
  • Requires legal fees if lawyers are involved
  • Is unnecessary if you only want to divide the property in half because most state laws already do that
  • Can be unbalanced and favor the interests of only one spouse

As you can see, there are more reasons for creating a prenuptial agreement, and you should consider drawing one up. Don’t stress if you are unsure about dealing with the process on your own—DoNotPay is here to help!

Use DoNotPay To Create a Prenuptial Agreement Easily

If you decided that you need a prenuptial agreement, you shouldn’t waste your time. Create it before it is too late, but don’t worry—you won’t need to deal with lawyers and spend a hefty amount of money on them. You won’t have to use a prenup template and write a contract by yourself either. These free contract templates are not reliable because they are too generic.

DoNotPay offers a way of creating a prenuptial agreement perfectly suited for your needs in a few clicks! You should follow these simple directions:

  1. in a web browser
  2. Type Prenuptial Agreement in the search box as the name of the document you want to generate
  3. Answer some questions about yourself that will help us personalize your prenup

After you get the prenuptial agreement that will protect your interests as you wish, you should notarize the document to make it official. Don’t forget to sign the document, or it won’t be legally binding.

If you would like to get into more details about prenuptial agreements state-wise, check out our guides for the following states:

DoNotPay’s way of creating prenuptial agreements works equally well no matter the state you want to get married and live in.

Rely on DoNotPay if you wish to learn more about the costs of the prenuptial agreement.

What Else Can DoNotPay Create for You?

It’s not only prenuptial agreements that DoNotPay can help you with. Your virtual assistant has various other agreements that you might find useful. Whether you are dealing with real estate, running a business, or have some other reason to protect yourself legally, our app is at your service.

Open DoNotPay in your to generate:

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