Why Do I Need a Premarital Agreement?

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Why Do I Need a Premarital Agreement?
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Premarital agreements are entered into for the
protection of both parties
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If you decide that you would like to get married
you should certainly consider the possibility of
entering into such an agreement
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In this presentation we will look at some of the
reasons why you may need a premarital agreement
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Protect Yourself
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One of the reasons why you may want to enter into
a premarital agreement would be to protect your
own financial interests
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If you are bringing significant resources into
the marriage you could take steps to define
your own personal property
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Protect Your Business
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Protecting your business or professional practice
would be another reason to enter into a
premarital agreement
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The agreement can stipulate that ownership or
control of your business cannot be a part of any
divorce settlement
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Protect Your Spouse-to-Be
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Some people don't understand the fact that a
prenuptial agreement is NOT A ONE-WAY STREET
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The contract can be written to protect the
interests of both parties
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It is after all an agreement that is being
entered into by people who are getting married
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Clearly, the engaged couple will care about one
another's well-being
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Protect Your Children
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A significant percentage of first marriages end
in divorce, and most of those who get divorced
eventually remarry
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In many cases people who remarry have children
from previous marriages
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A premarital agreement can protect the interests
of your children
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One Never Knows
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Let's say that you get remarried without entering
into a premarital agreement
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If you predecease your spouse there is no
guarantee with regard to how your surviving
spouse will ultimately provide for your children
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Your surviving spouse could get remarried
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Property that you brought into the marriage could
wind up in the hands of people that you never met
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Protection From Creditors
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Another reason for entering into a premarital
agreement would be PROTECTION FROM CREDITORS
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If you are getting married to someone who has a
considerable amount of debt, a premarital
agreement could prevent creditors from coming
after your funds
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What Are the Odds?
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• You may say that you will take your chances
  because
• it's unlikely that you will ever get divorced

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In fact, about half of first marriages do not
withstand the test of time
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In fact, about half of first marriages do not
withstand the test of time According to a 2012
Psychology Today article 67 of second marriages
don't last
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In fact, about half of first marriages do not
withstand the test of time According to a 2012
Psychology Today article 67 of second marriages
don't last and 73 of third marriages fail
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Considering a Premarital Agreement?
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If you are considering entering into a premarital
agreement we invite you to contact our firm to
request a free consultation
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• We can be reached by phone at
• 507-625-5000 or through our website

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