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Prenuptial agreement can strengthen marriage and reduce divorces

Divorce is likely the furthest thing from anyone's mind on the day that they marry. Statistics, though, point to the reality that many marriages will not last over the long term. Many professionals urge engaged couples to sign a prenuptial agreement as a means of supporting the marital relationship. Colorado couples who are preparing to wed may benefit from seeking information about how these contracts can protect them.

Traditionally, these types of legal agreements were reserved for the wealthy or famous. In reality, these marital contracts can be utilized by anyone as almost every individual has something of value to safeguard in the event of a divorce. Couples who enter into these discussions before a marriage commences may find that they are able to communicate more openly about finances, which may actually strengthen the relationship.

Reportedly, the vast majority of divorces revolve around differences over finances and ineffective communication. A prenup can foster open discussions over those aspects that can lead to difficulties during the course of a marriage. These contracts can cover most issues, including such aspects as property division and even future inheritances that couples may fight over when working on a divorce settlement. 

While all states recognize the validity of prenups, there are circumstances that may lead to a court invalidating these contracts. Furthermore, a prenuptial agreement can be modified at any time during the marriage in order to address any life changes. This fact may be an important consideration when changes are made to the tax laws or other laws that may effect an existing prenup. Colorado residents who are interested in drafting these types of marital contracts should contact an attorney who handles these matters on a routine basis.

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