A prenuptial agreement is a contract drawn up between a soon-to-be-married couple. It provides a measure of financial protection as each person agrees to how assets would be distributed if they someday divorce. Below, the family law attorneys at the Law Offices Of Paul Lenkowsky in Bullhead City, Arizona, discusses three benefits of getting a prenup.

3 Benefits of Prenuptial Agreements

1. Safeguard Inheritance Rights

If you have children or grandchildren from a previous relationship, their inheritance rights could come into question if you don't have a prenup in place. Legally speaking, your children and grandchildren from your current marriage are the ones who will inherit everything first. But with a prenup, you can make provisions for the progeny of your earlier relationship(s), ensuring they are provided for in the ways you would want.

2. Protect Your Business

A spouse who owns a business will surely want to protect their hard work and investment in the event of divorce. Without a prenup, your business could become just another asset to be divided in the divorce. With a prenup, you can make specific arrangements to keep your business in your name and protect it from being compromised if the marriage doesn't work out.

3. Negotiate Spousal Support

Alimony is another hot-button issue in many divorce and family law cases. But a prenup lets you put limits on any spousal support that may eventually come into play if the marriage doesn't work out. Both parties agree before marriage to the terms of the spousal support agreement, which means no uncertainty or protracted legal battles somewhere down the road.

If you're planning a wedding, consider it a sign that you should also be planning to draw up a prenup. The Law Offices Of Paul Lenkowsky have served the Bullhead City and Mohave County region since 1985. They handle all aspects of family law cases, including prenups, divorce, and guardianships. Call (928) 758-4815, visit the firm online, or message them on Facebook to make an appointment.