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The positives and negatives of prenuptial agreements

When Maryland couples are discussing getting married, they should consider putting together prenuptial agreements. While some couples believe that these documents signify that their marriages will fail, most people actually use them to protect themselves, especially if one or both individuals are entering a marriage with significant assets.

A prenuptial agreement is a document that lays out how a couple will deal with their finances during and after marriage. Therefore, there are many benefits associated with prenuptial agreements. For one, they require couples to be upfront about their financial situations, including the debts that they owe. Prenuptial agreements also shield businesses and inheritances that someone owns prior to getting married. These documents can also protect the financial security of children from previous marriages.

While there are many positive aspects to prenuptial agreements, they can also present a few drawbacks. For example, these documents can give the appearance that one partner does not trust the other. If evidence comes to light that a prenup was signed under duress or fraud was committed, it may become void. Finally, these agreements are considered to be extremely unromantic and may be difficult to discuss.

Prenuptial agreements do not cover certain aspects of a marriage, such as child support and custody issues. Even if a couple has a prenuptial agreement in place, a court must still decide how much child support the noncustodial parent will be required to pay. A family law attorney can help a noncustodial parent gather all of the necessary financial documents that are used to calculate payments. Additionally, a lawyer may negotiate with the other party to create a visitation schedule that allows the noncustodial parent to still be involved in his or her child's life.

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