By Caroline Bologna | HuffPost
Preparing for marriage comes with many fun and exciting experiences, but drafting a prenuptial agreement sounds anything but.
A prenuptial agreement, or prenup, is a pre-marriage contract outlining how assets would be handled in the event of divorce. For many, the mention of “prenup” evokes a sense of discomfort and other negative sentiments.
But it doesn’t have to be this way.
Prenups tend to get a bad rap but they really offer a lot of value in terms of predictability and control. With a prenup, one spouse can lobby for assets he or she otherwise may not have had in the event of a dissolution and, sometimes, even get the other spouse to assume or pay off a sole and separate debt as a gift in contemplation of marriage that they otherwise would have been responsible for. Prenups are not only insurance policies but also useful tools in structuring asset and debt allocation in a fair manner when parties are in a reasonable and loving space.
Audra Petrolle, Rose Law Group Family Law Attorney
