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Why prenuptial agreements might be smart choices

Texans may be wary when their fiancés propose that they sign prenuptial agreements. Many people think that prenuptial agreements mean that they are planning for their marriages to end in divorce, which may seem antithetical to why they are choosing to marry in the first place. There are many benefits of having such an agreement in place, however.

Negotiating prenuptial agreements forces couples to talk openly and honestly about their finances. Being able to have frank financial discussions helps couples to have a better understanding of each other's views on money, savings and on how each views what the responsibilities of the parties should be. Prenuptial agreements also allow couples to determine how wealth disparities will be handled during their marriages.

People may protect their interests as well as those of their fiancés by writing prenuptial agreements. For example, if one party has a substantial student loan debt load, he or she might want to protect the other party from inheriting a portion of that debt in the event of a divorce.

If a marriage does come to an end, a valid prenuptial agreement can make an otherwise complex divorce much simpler. As long as the agreement is legally valid, courts generally abide by them. It is important for people who are drafting prenuptial agreements make certain that they do not contain invalid provisions and that both parties are signing them under their own free will. Both parties must also fully disclose their assets and debts before the agreements are signed, or the prenuptial agreements may be declared to be legally invalid. Both parties should have separate legal counsel review the agreement before it is signed.

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Bruce Turner

In addition to his law degree, Bruce Turner has a master's degree in tax law and is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization.

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Turner, Bruce E.
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Bruce Turner with Bennett, Weston LaJone & Turner, P.C.

Attorney Bruce Turner is located in Dallas and represents people and businesses throughout DFW and the Metroplex, including Denton, Carrollton, Lewisville, Flower Mound, Farmers Branch, Irving, Las Colinas, Corinth, Highland Village, The Colony, Plano, Frisco, Allen, McKinney, Mesquite, Grand Prairie, Garland and Grapevine as well as Collin County, Denton County and Dallas County in Texas.

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