{"id":993,"date":"2018-08-22T10:08:40","date_gmt":"2018-08-22T17:08:40","guid":{"rendered":"https:\/\/ogbornelaw.com\/?p=993"},"modified":"2023-07-24T17:16:46","modified_gmt":"2023-07-24T17:16:46","slug":"pros-and-cons-of-a-prenup","status":"publish","type":"post","link":"https:\/\/webtechs-designs.com\/2023Ogborne\/pros-and-cons-of-a-prenup\/","title":{"rendered":"Pros and cons of a prenup"},"content":{"rendered":"<p>The prevalence of prenuptial agreements has grown during the last decades. A prenup was once something for wealthy people. Media attention and open conversation have made it a more mainstream part of marriage preparations. Couples are learning more about the pros and cons of a prenup.<\/p>\n<p>Since marriage is a partnership, it\u2019s appropriate to treat it as one. <a href=\"https:\/\/ogbornelaw.com\/services\/marital-agreements\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/services\/marital-agreements\/\">Marital agreements<\/a> can include prenups, cohabitation contracts, and post nuptial agreements. You can also plan for your future by including\u00a0<a href=\"https:\/\/ogbornelaw.com\/services\/estate-planning\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/services\/estate-planning\/\">estate planning<\/a>, wills, and living wills.<\/p>\n<blockquote><p>Love includes intelligent decisions designed to protect each other, your family and your marriage. A prenup is not written in anticipation of the death of your marriage. It\u2019s designed to better facilitate a transparent, trusting and lifelong relationship for many years. &#8211;<a href=\"https:\/\/ogbornelaw.com\/about-us\/michelle-ogborne\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/\">Michelle Ogborne<\/a><\/p><\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/pros-and-cons-of-a-prenup\/#Pros_of_a_Prenup\" >Pros of a Prenup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/pros-and-cons-of-a-prenup\/#Cons_of_a_Prenup\" >Cons of a Prenup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/pros-and-cons-of-a-prenup\/#Weighing_the_Pros_and_Cons_of_a_Prenup\" >Weighing the Pros and Cons of a Prenup<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Pros_of_a_Prenup\"><\/span>Pros of a Prenup<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Arizona is a community property state. In many cases, assets and properties that were yours before the marriage remain yours after the marriage. Those acquired during the marriage are marital assets and will likely be split 50\/50. There can be mitigating circumstances that create exceptions to the community property rule.<\/p>\n<p>A prenup clarifies what is to remain separate from the marriage. If your spouse agrees, you can make changes to your prenup. In addition to defining marital assets, there are several other\u00a0<a href=\"https:\/\/ogbornelaw.com\/why-a-prenup-may-be-an-entrepreneurs-new-best-friend\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/why-a-prenup-may-be-an-entrepreneurs-new-best-friend\/\">prenup advantages<\/a>.<\/p>\n<ul>\n<li>A prenup can provide protection from your spouse\u2019s debt.<\/li>\n<li>You can specify compensation for giving up your job or educational efforts to advance your partner\u2019s career or to provide childcare.<\/li>\n<li>It allows you to declare financial decision-making and responsibilities.<\/li>\n<li>You can separate and protect your financial interests.<\/li>\n<li>A prenup allows you to define and separate inheritances among children and grandchildren. This can be especially beneficial for blended families. An attorney can help explain inheritance rights protections.<\/li>\n<li>It can protect your business partners and employees if it specifies control and involvement of owners and stockholders. A prenup can also protect your spouse from liabilities and debts the business may incur.<\/li>\n<li>You can limit spousal support in the event of divorce.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cons_of_a_Prenup\"><\/span>Cons of a Prenup<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Not every couple has a prenup. Examples of <a href=\"https:\/\/ogbornelaw.com\/my-fiance-asks-for-a-prenup-now-what\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/my-fiance-asks-for-a-prenup-now-what\/\">prenup disadvantages<\/a> include:<\/p>\n<ul>\n<li>Limiting spousal support in the event of divorce. Depending on your point of view, this may be an advantage.<\/li>\n<li>Trust issues may arise. Many couples worry about upsetting their partner when they ask for a prenup. However, a prenup is actually based on trust and the desire to protect them as much as yourself.<\/li>\n<li>You may sacrifice what could have been your inheritance from your spouse\u2019s estate. During the full bloom of new love, this may seem unimportant. Years later, as you have contributed to your spouse\u2019s personal and professional success, this could be something you wish you could change.<\/li>\n<\/ul>\n<p>You probably feel hopeful and excited about this new chapter of your life! Discussing what will happen when one or both of you die or seek divorce can be discouraging. Try to focus on the positive aspects of your prenup. Some couples include a mandatory date night once a month!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Weighing_the_Pros_and_Cons_of_a_Prenup\"><\/span>Weighing the Pros and Cons of a Prenup<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are debatable pros and cons of a prenup. It can be difficult to fully\u00a0comprehend how your marriage is going to work when your love is new. Early relationships may not include children. You may have limited income or few assets. However, similar to estate planning, many people agree a prenup is useful, no matter what your situation.<\/p>\n<p><a href=\"https:\/\/ogbornelaw.com\/contact\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/contact\/\">Contact Ogborne Law<\/a> to discuss the pros and cons of a prenup before your wedding. Get the process started by completing our <a href=\"https:\/\/ogbornelaw.com\/schedule-a-consultation\/marital-agreement\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/schedule-a-consultation\/marital-agreement\/\">marital consultation form<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You might be wondering if a prenup is right for you. Learn more about the pros and cons of a prenup and discover why they&#8217;re becoming more common.<\/p>\n","protected":false},"author":3,"featured_media":11466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-prenups","category-44","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pros and cons of a prenup - Ogborne Law, PLC<\/title>\n<meta name=\"description\" content=\"You might be wondering if a prenup is right for you. 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