Good and Bad of Tennessee Prenuptial Agreements

Considering a prenup? Contact divorce lawyers in Memphis to review the pros and cons of such agreements and to learn if you may benefit from having one.

Benefits of Prenuptial Agreements

Couples who choose to create a prenup may do so for a number of reasons. The following are some of the good that may come from these contracts. They: 

• establish future money matters;
• protect separate property;
• allow for special agreements to be made;
• support estate plans;
• save money;
• reduce disagreements; and
• clearly define what is marital property.

Just taking the time to discuss your financial situation can be helpful, but taking it a step further and drawing up an agreement can help avoid future problems.

Potential Downside of Prenuptial Agreements

Always consider the pitfalls along with the benefits when evaluating whether these agreements are right for you. For one, it could be unnecessary if state laws provide all the protection you need. This will likely depend on your particular situation, which you may wish to discuss with an attorney.

While we stress that this shouldn’t be the case, the reality is that some may feel marriage is less intimate and feels more like a contract with a prenup. Rather than stirring up feelings of romance, it might feel more like a business deal to some.

Finally, a prenup could create disagreements that might not have been there in the first place. It may force couples to think about something that is unpleasant, which some may not be ready to address.

Obviously, there are advantages and disadvantages regarding prenuptial agreements, all of which should be carefully considered and weighed.

To learn more, see Tennessee Prenuptial Agreement Pros and Cons in Family & Divorce Law.

Seeking Help from Divorce Lawyers in Memphis

A 2010 survey from by the American Academy of Matrimonial Lawyers found that most attorneys have noticed an increase in the number of prenups in the five year prior to the survey. Miles Mason Family Law Group is a divorce law firm in Memphis who can help couples who wish to establish a prenup. Call us today at 1-901-683-1850 to go over your concerns if you are considering a prenuptial agreement.