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Why some couples opt for a prenup in Maryland

Since about half of marriages end in divorce, it can be wise for a couple to get a prenuptial agreement. A prenup allows a couple to determine how assets will be divided and how other matters related to a divorce will be handled if the marriage fails. Because divorces can have major ramifications, it can be very helpful to know the outcome of a divorce, should it occur, in advance.

There are a number of circumstances when it is very strongly recommended that people take advantage of a prenuptial agreement. For instance, if one person owns a business, it can be very important to determine how assets related to the business will be divided in the event of a divorce.

Another situation in which prenups are highly recommended is when one person has a significant amount of debt. It is not uncommon for the debts of a couple to be divided during a divorce. This means that one person could end up with a significant amount of debt that they had nothing to do with.

When a couple divorces and there isn't a prenuptial agreement in place, there are a number of decisions that must be made. Some of the most important issues may involve spousal support, child custody and asset division. If a couple is able to work together, they might be able to complete a mediated divorce, which will give them greater control over the final outcome. When this is not possible, the divorce may need to be litigated. A judge would then determine how issues are decided. A lawyer could explain the benefits of a prenuptial agreement and how factors are decided upon in a divorce without one.

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