Benefits of a Prenuptial Agreement in Maryland

Prenuptial agreements, prenups, often come with a negative connotation to couples planning to marry. Some see the drafting of an agreement as having doubt in the marriage. While prenups do ease the process for a couple choosing to divorce, there are other benefits to having this agreement. Couples often see the peace of mind of having regulations in place as more important than a stigma that could follow a prenup. Prenups can address issues of property distribution, assets, debts and much more. This means that if a spouse passes away, there are orders in place that can protect the other spouse and family. In the event of a divorce, a prenuptial agreement can help in all of the following ways:

  • Allowing you to protect your assets outside of the marriage (premarital assets)
  • Allowing you to avoid the costs and time involved in litigation
  • Protecting you from any premarital debts of your spouse and the creditors attached
  • Protecting the interest of children that you have from a previous marriage or from a previous relationship

If you have children, own a personal business, have been married before or own a large amount of property, it is advised that you draft a prenuptial agreement before marrying. Even if you do not foresee a divorce in the future, you can rest assured that there are provisions if anything was to happen to your spouse or your relationship. For help drafting a prenuptial agreement, it is useful to have a knowledgeable Annapolis divorce lawyer by your side. The Law Office of Nicholas T. Exarhakis would be happy to answer any questions that you have and help you through the prenup process. Contact our firm today to set up your initial consultation and get started in preparing for your marriage.

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