For a couple planning and setting up a wedding and marriage, the last thing they want to think about is the possibility of the marriage failing. Unfortunately, the statistics in the United States suggest that approximately half of all marriages ultimately fail.
The process of a divorce can be long and difficult. After all, if you cannot live with the person you married, how are you expected to make determinations on all the decisions that need to be made during a divorce? Add to it emotions that may cause a person to think irrationally, and things may be decided in the courts that are not in your best interests.
One solution which is becoming more and more popular with Americans is to establish a prenuptial or postnuptial agreement. These agreements can cover more than you would think, and not just decisions regarding divorce. Much more than just property division can be included in a prenuptial or postnuptial agreement.
Prenuptial and postnuptial agreements may also cover how assets are divided and allocated in the event of the death of one spouse. The agreement may also cover how decisions are made while in a marriage, such as who is in charge of the finances, how credit card spending and debts are handled and even how retirement and savings are allocated.
It may be a difficult topic to bring up, but if you present the suggestion with tact, perhaps mentioning the multiple benefits that a prenuptial or postnuptial agreement can bring with it to your future or current spouse, it could save you from many headaches if tragedy strikes or a marriage fails.