While some feel hesitant about discussing or agreeing to a prenuptial agreement, more people are warming to these financial planning tools. In particular, one generation is the reason for an increase in prenups: Millennials in Texas and other states are signing more prenups.
Prenuptial agreements present Texas couples with an opportunity to understand each other's financial situation and make decisions about what should happen during a divorce. People who know that they will receive an inheritance often have an interest in separating these assets from the marital estate prior to exchanging vows. Potential income disparities between spouses resulting from one party's choice to forgo a career and stay home to raise children might also be covered by the contract in regards to compensating the unpaid individual in a divorce settlement.
Congratulations! You're graduating from college, and you've met the love of your life! You may think now is a great time to move in together, or maybe even tie the knot. Have you thought about the legal consequences of making such heartfelt decisions? You should!