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What to consider before signing a prenuptial agreement

On Behalf of | Dec 23, 2019 | Divorce, Firm News |

Romantic partners who decide to share a home together may decide to create a cohabitation agreement. They may also choose to create a prenuptial agreement that serves as a way to exert more control over the terms of a potential divorce. Ideally, couples will create these types of agreements together so that each person gets a chance to express their needs and goals for a relationship.

Working on such a pact in a collective manner may also prevent an individual from feeling blindsided or resentful toward his or her partner. Ultimately, it can help a couple learn how to communicate in a healthy and effective manner. Ideally, each party will have a cohabitation or prenuptial agreement reviewed by their own attorney prior to signing it. It is important to point out that the terms of an agreement can be changed in the future if they no longer meet a couple’s needs.

They can also include provisions that alter the terms of the deal in the future if no action is taken. Furthermore, a couple could agree that the deal terminates automatically at some point in the future. Regardless of what the final deal looks like, each individual to the agreement will ideally feel that it is fair and that it was negotiated in good faith.

Individuals may feel a variety of emotions during a divorce, and this may make it difficult to negotiate a divorce settlement in good faith. Therefore, it may be a good idea to negotiate the terms of a split while a relationship is still strong.