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Prenuptial agreements protect even those without much wealth

| Apr 28, 2019 | Divorce

If you are like many of your Clarksville neighbors, you may believe prenuptial agreements are only for those who have significant assets. After all, if you do not have much wealth, you may think you do not have anything of value you need to protect. Still, prenuptial agreements are often valuable tools for those without significant assets. 

Put simply, couples draft prenuptial agreements before they marry to protect their assets. While talking about a prenuptial agreement with your partner is probably not particularly romantic, it is likely worth your time. Here are some ways prenuptial agreements protect you, even if you do not have many assets yet: 

Allow you to leave your career 

After the ceremony, many Tennessee newlyweds begin to think about raising a family. Often, it makes sense for one parent to quit his or her job to stay home with the kids. Of course, leaving your career for 18 or more years may set you back considerably. With a prenuptial agreement, you ensure that you have the financial means to live if your marriage falls apart. 

Define your business ownership 

Entrepreneurs seem to be everywhere these days, and Clarksville is an excellent place to start a business. Whether you have a brilliant idea or provide an in-demand service, you take pride in your business venture. Still, if you divorce, your spouse may claim complete or partial ownership. By defining who owns your business in a prenuptial agreement, you protect your entrepreneurial interests. 

Keep your property 

You may not be a millionaire. Nevertheless, you likely have certain belongings that mean something to you. If you want to keep your property after a divorce, you can avoid many legal headaches by explicitly claiming ownership of it in a prenuptial agreement. 

Prenuptial agreements are not only for the wealthiest Tennesseans. On the contrary, many couples with few assets choose to execute prenuptial agreements. If any of the above situations apply to you, discussing a pre-marriage agreement with your partner may make good sense.


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