Divorce is already hard enough, but when it is a high net worth divorce, it can be especially difficult. It is not unusual for high net worth divorces to be long and drawn out due to parties not being able to agree on things such as alimony, property division, and other legal matters of divorce. While this can cause people a high amount of stress, there is a way of avoiding having to deal with the nasty disputes that are often associated with divorce: a prenuptial agreement.
The following are assets that may be protected by a prenuptial agreement:
- Real estate holdings
- Retirement accounts
If you are entering into a marriage, a prenuptial agreement is a great way to keep your belongings protected, especially if your property and assets are worth a lot. Not only do they allow you to keep your property and assets protected, but prenups also allow you to set your own terms to your marriage and resolve divorce issues before they even happen. The state’s rules and laws about divorce may not be to your liking, so a prenup allows you to come up with something that is fair but protects you. With this being the case, should a divorce occur, the process may not be as long and trying, and you will be able to start your separate life sooner rather than later.
If you are currently considering a prenuptial agreement, a high-net-worth divorce attorney may be able to assist you. When you decided to enter a marriage, there are things that should be kept separate and not divided with your spouse. If you wish to be protected, a prenuptial agreement may be the best option for you.