While the time-honoured phrase “til death do us part” is a pleasant and sometimes accurate sentiment, it is clearly not something to which every married couple can look forward. Here in British Columbia and elsewhere in the nation, the average marriage is reported to have a 50 percent chance of ending in divorce. This is why some experts have suggested that signing a prenuptial agreement before the wedding might be less a pessimistic way to begin a marriage and a smart investment in the future.
To begin, sitting down and creating a prenuptial agreement with a partner requires a great deal of forethought, which is something to which not every couple commits prior to walking down the aisle. It forces both individuals to think about their personal assets and what they would consider relinquishing if the marriage ended in separation. This is equally true of each individual’s personal debt, which may also be divided between the two if a divorce occurs.
Prenuptial agreements allow couples to decide in advance what they want done in nearly every scenario should their marriages end. These documents can cover topics ranging from the ownership of pets to the division of vehicles and even homes. To ensure their continued relevancy, such agreements can also be updated as a marriage progresses.
Of course, prenuptial agreements are not for everyone. British Columbia residents understand that even the most prepared couples could face many challenges if they decide to divorce. This is why couples facing that decision can benefit so strongly from the support of legal professionals who can help to provide advice and guidance throughout the divorce process.