What about Prenuptial and Postnuptial Agreements?
Regardless of whether you are a business owner, if you are considering marriage later in life that has worked hard to build your wealth, or if you want to protect your future estate and wealth, it may be beneficial for you to consider entering into a prenuptial agreement. A prenuptial agreement, also known as a “prenup” is an agreement entered into prior to the marriage between you and your future spouse that ensures the protection of your financial rights. Also, a postnuptial agreement is another way for you to ensure your protection after the marriage.
Prenuptial agreements tend to be difficult to discuss prior to marriage. It is however important to help limit conflict in the future. The main objective of the prenuptial agreement is to clearly define each parties’ rights and obligations as they enter into the marriage as a way to avoid those disputes in the future. These agreements, either prenuptial or postnuptial, are useful tools to help avoid excessive costs that come with a contested divorce litigation.’