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Some reasons why a Colorado prenuptial agreement is beneficial

Most people tend to think that prenuptial agreements are just for the rich and famous. Fortunately, these agreements are for anyone that wants a safety net just in case the marriage fails. When getting a divorce in Colorado, is doesn't just affect the married couple, but also the children involved. Minimizing the amount of stress on the family is a goal of many parents, and having a prenuptial agreement could help.

There are many reasons for either having a prenuptial agreement. For example, if one person in the couple had built a successful business prior to marriage or had money left under a trust. A prenup could ensure that what was theirs prior to marriage will still be intact after the marriage ends. The prenuptial agreement could minimize the arguments of how to divide things such as property or already established estates.

The divorce could cause more than just financial repercussions. It may also affect the established professional reputations of a couple. For example, a wife may have to re-establish her business reputation under her maiden name. Another reason may be that this may not be either partner's first marriage and one of them may have already experienced a messy divorce. The prenup may help avoid any misunderstanding as to how finances are handled as a couple instead of as individuals from the beginning of the marriage.

Many people are discovering that prenuptial agreements are a responsible and fair way to resolved potential disputes in the event of a subsequent divorce. In one sense, Colorado has already created a prenuptial agreement on behalf of every married couple through its divorce laws. However, every circumstance is unique and does not always mesh with traditional viewpoints. When a couple creates its own agreement, the parties are taking back control over how their assets will be divided if the marriage ends.

Source: savingadvice.com, 10 Reasons to Get a Prenup, Danielle Warchol, Sept. 6, 2013

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