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A prenuptial agreement is a useful tool for any Colorado couple

A prenuptial agreement often has a certain stigma to it. For example, many Colorado residents who are soon to be married feel as if a prenuptial agreement is only for wealthy individuals. However, a prenup is actually an important document that all couples could utilize in the event that the two may eventually seek to divorce.

There are many reasons why all couples who are getting married may want to explore the possibility of getting a prenup. A prenup is designed to highlight which assets belong to which spouse prior to the marriage. Then, if a divorce does occur, through the prenup contract, the individuals will have a document detailing the specific assets to which each individual will be entitled.

Additionally, prenups can actually be much more complex if the couple wishes. A prenup can also address concerns including the cost of taking care of a parent, the cost of one spouse going back to school or the cost of raising a child. Having the more difficult talks about financial concerns and addressing them now can help prevent fights between couples if those financial problems do arise during the marriage.

Moreover, while a prenuptial agreement has the stigma of only being used by wealthy individuals, any Colorado couple could benefit by getting a prenup. Not only can prenups help to detail certain financial assets going into the marriage, it can also be used to clearly state a spouse's stance on certain "what if" situations as well. The level of detail that the couple wants in their prenup is completely up to them, and help is available in our state for anyone who is interested in the possibility of a prenuptial agreement.

Source: USA Today, "Prenups: Not just for the wealthy", Elizabeth Renter, Dec. 28, 2014

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