At one time, a prenuptial agreement was considered only for the wealthy or couples with financial differences. Today, more couples are signing prenuptial agreements than ever before. Why? One big reason is that they can help prevent the no. 1 cause of divorce—arguments about finances.
When you say, “I do.” You’re making a commitment to share your lives together—that includes finances and assets. Although it may feel business-like, having this honest discussion about finances before the wedding can set a couple up for a successful marriage.
What is a prenuptial agreement?
A prenuptial agreement is a legally binding contract between two people before marriage. It outlines the financial and property rights of each partner in the unfortunate event of divorce or death. It protects pre-marital assets and addresses property and assets brought to the marriage by each person. In addition, couples can arrange various financial responsibilities and expectations of financial goals to be attained during the marriage.
Does Georgia law protect each partner’s rights?
Under Georgia state law, each partner is provided certain property rights in the case of divorce or death. However, with a prenuptial agreement in place, those laws do not apply to the couple. Instead, the terms of the couple’s agreement, is used, which ensures that both individuals feel their values and goals are reflected in a fair settlement.
Why should I consider a prenuptial agreement?
All couples should consider a prenuptial agreement before walking down the aisle. It not only protects each individual, but it can help couples begin their lives together with a strong understanding of the finances and promote healthy communication about it moving forward.
Do you have additional questions about how to protect and establish your financial outlook with your future spouse? Contact our team at (770) 212-9168 for a consultation. We are here to protect your rights and interests.