Marriage looks a lot different than it did just 10 years ago. Young adults in Texas are putting off tying the knot for longer periods of time, and many have a different outlook on marriage and divorce than their parents. This includes prenuptial agreements, which are far less controversial than they used to be.
Since today’s adults are deciding to wait to marry, most have time to focus on building careers and establishing important assets. Even though property that a person acquires before marriage is usually separate property, it could still be compromised should he or she end up divorcing. Not only that, but young adults usually bring some level of debt to a marriage, for which a spouse in a subsequent divorce could possibly end up at least partially responsible.
Despite what previous generations may have believed, prenups are not only for the extremely wealthy. Any type of asset is worthy of protection, and deciding to sign a prenup could be one of the best decisions that a couple makes. A prenup can outline which assets are separate property and that they will remain that way throughout the course of the marriage. Some couples also address debt, how property will be split in the event of a divorce and even address marital responsibilities.
Asking for a prenuptial agreement can be stressful, especially if a person is not sure how his or her partner will react. However, money is the biggest source of stress in marriage, so getting used to talking about difficult subjects is a good idea. A Texas couple can not only use a prenuptial agreement as a way to protect themselves in a divorce, but also as an opportunity to build a foundation for open communication during marriage.