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Why have a prenuptial agreement?

Marriages are generally regarded as times of celebration and optimism toward the future. Why spoil these good feelings with the suggestion that the couple execute a premarital agreement? Don't such agreements deal with the consequences of divorce, not marriage? And don't prenuptial agreements, by their very nature, conflict with the emotions that have led to the decision to marry? While the answers to the last two questions may seem like a "yes," premarital agreements can promote marital stability and happiness by eliminating questions about the division of property in the event of a divorce.

Consider your credit in a high asset divorce

Sometimes, relationships and financial accounts don't mix. This can be true when you and your now estranged spouse are thinking about or going through a divorce. Most married couples share some financial assets and responsibilities that can include bank accounts, mortgages and credit cards. Since California is a community property state, there can be additional things to consider in terms of finances, separation and divorce.

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