Many couples sign prenuptial agreements before they get married. Such agreements outline the division of assets and liabilities in the event of divorce and can offer peace of mind, among other things.
In Pennsylvania, a prenup can significantly impact the outcome of a split.
Financial protections for separate property
A prenup can protect the assets that each spouse brings into the marriage. Assets such as inheritances, gifts, and premarital property can be separate property in a prenup. They remain with their original owner in case of divorce, so owners do not need to stress about losing them.
Alimony payments
Prenups can also address spousal support. The courts typically consider factors such as the length of the marriage, earning capacity and standard of living. However, a prenup can specify the amount and duration of alimony payments or even waive them altogether. This offers clarity and predictability for both parties.
Protection against debts
Debts incurred during the marriage are another aspect that prenups can address. By outlining which spouse is responsible for specific debts, a prenup can protect people from liabilities they did not accumulate or agree to during the marriage.
Smoother divorce
Pennsylvania has about 2.4 divorces per 1,000 people. Prenups can streamline the process by clearly outlining the terms of the separation. This potentially reduces conflict.
However, prenups cannot dictate child custody or child support arrangements. Courts prioritize the best interests of the child when determining custody and support. Any provisions in a prenup regarding these matters would not be enforceable.
Overall, prenups provide couples with clarity and protection if their marriage ends in divorce.
