Marital Contract - Before You Say "I do"

• One Partner is Wealthier Than the Other 

Getting married after you have already established your professional careers is a good idea to get a prenuptial agreement. While the prenuptial may initially be to benefit the wealthier person, the other partner can also become more prosperous during the marriage, making it protect them as well. A prenuptial agreement covers the more affluent person because if they were to get divorced, the wealthier person would get to keep their money.

• There Are Children From Previous Marriages Involved

If you or your partner have children from previous marriages, getting a marital contract is also a good idea. A marital contract ensures that the money and property the parent makes will be passed down to the children in case that parent dies. Having a prenuptial agreement can prevent your loved ones from fighting over the money and property when you die.

• One or Both Partners Own a Business 

You may also want to consider a prenup if you or your partner owned a business before getting married. If you do not have a prenup and get divorced, the person who owns the business may need to pay the other partner half of the assets made during the marriage.

• One Partner Plans on Being a Stay-at-home Parent

When one of the partners decides to become a stay-at-home parent, they give up a possible career—because of this, getting back into the workforce may be difficult if you were to get divorced. But with a marital contract, the stay-at-home parent can guarantee compensation for their work at home.