Surety That You Are Not Married In Community Of Property.
Asset protection
When it comes to estate planning, ante-nuptial contract, which are also known as prenuptial agreements, can be a useful tool for couples who want to protect their assets and establish their financial responsibilities before getting married.
Debt protection
An ante-nuptial contract sets out how debts that were already there will be handled, whether they were accumulated before or during the marriage. An ante- nuptial contract makes sure that one spouse shouldn’t have to take care of the other’s past financial obligations.
Financial transparency
The process of talking about and signing an ante-nuptial contract can help couples talk about money in an open and honest way. This openness is a very important way to keep misunderstandings and money problems from happening during the marriage.
Your current and future financial circumstances are taken into consideration
Ante-nupital contract are not a one size fits all type of contracts. Instead, they are based on the individuals circumstances. You have the option of getting an ante-nuptial contract with or without accrual.
Avoids a lengthy divorce
Many disputes during divorce are due to assets. An ante-nuptial contract would have already be covered what happens to your assets and thus reducing the risk of a lengthy divorce.
Peace of mind
If you or your partner have a substantial estate, an ante-nuptial contract stating that the estate will not be divided in the event of a divorce can alleviate concerns.
It can protect the financially weaker partner
Although ante-nuptial contracts seem to benefit only the financially stronger partner, financially weaker partners are also protected. Ante-nuptial contracts also guarantee adequate support and prevent divorce poverty.
Protection of your sentimental assets
The assets in your ante-nuptial contract do not have to have significant monetary value. You can include assets with sentimental value to make sure they remain yours. What you decide to highlight in your ante-nuptial contract is entirely up to you.
You know what is in the bank
An ante-nuptial contract, establishes that you will be the sole owner of your estate. You will have the ability to make decisions regarding your estate, and you will have complete control over your financial obligations.
DID YOU KNOW:
If you are married with an ante- nuptial contract, you are not required to get permission from your partner before making a purchase or any other significant financial decision?
