Congratulations! You’ve found your soulmate, the one you want to spend the rest of your life with. As you plan your wedding, it’s important to remember that marriage is not just a romantic commitment, but a legal one as well. That’s why you need a marriage contract.
What is a Marriage Contract?
A marriage contract is a legal agreement between you and your spouse that outlines your rights and responsibilities during your marriage and in the event of divorce. It can cover everything from property division to spousal support to custody arrangements for any children you may have.
Why You Need a Marriage Contract
You may be thinking, “We don’t need a contract. We love each other and will be together forever.” That’s great! But the reality is that over half of marriages end in divorce. A marriage contract can provide peace of mind and protect you and your spouse in the event that your marriage doesn’t work out.
What to Put in a Marriage Contract
Of course, when creating a marriage contract, it’s important to discuss what to put in it. Some common items to consider include how property will be divided in the event of a divorce, how debts will be handled, whether or not spousal support will be paid, and how any children will be supported and cared for. You may also want to include provisions for things like inheritances, investments, and retirement accounts. Be sure to consult with a lawyer who specializes in family law to ensure that your contract is legally binding and covers all of your needs.
How to Not Get Frustrated About It
We get it. Talking about prenuptial agreements and worst-case scenarios isn’t the most romantic part of wedding planning. But think of it as an insurance policy for your marriage. It’s not a sign that you don’t trust each other or that you’re planning for failure. It’s simply a way to plan for the future and ensure that you’re both protected.
Plus, creating a marriage contract can be a fun and creative process. Sit down with your partner and discuss your values and priorities. What do you each want to bring to the marriage? What are your financial goals? By working together to create a contract that reflects your values and priorities, you’ll be setting a strong foundation for your marriage.
Getting married is a big step, and a marriage contract can help ensure that you and your spouse are on the same page about your legal rights and responsibilities. Don’t let the idea of a contract scare you off. Embrace it as an opportunity to have an honest and open conversation about your future together. And who knows? Maybe you’ll even have fun doing it!
