If you think you’ve met the love of your life, that’s wonderful. Maybe you and your partner have been dating for a while and decide to get engaged. Again, a beautiful thing.
You all get to discussing where the wedding should be, who to invite, what the theme is, etc. But then the “P word” comes up — prenup. Talking through a prenup can be divisive for couples. Some might take it as an insult to the relationship and think that it’s just a get-of-marriage-free card.
What is a prenup?
According to the Texas State Law Library, a premarital agreement is a contract between two individuals who plan to marry. It outlines their decisions regarding property and mutual obligations should the marriage conclude, whether through divorce or the death of a spouse.
What are some reasons to get a prenup?
There are many reasons why couples consider getting a prenuptial agreement and not all of them are money-related. According to NOLO, an agreement could be necessary for dividing property, assets, who gets what if children are involved and more. You can see what the Texas Family Code covers here.
Here are some examples:
- You want to pass separate property to children from a prior marriage.
- You don't want to be responsible for your spouse's debts.
- You want to clarify your financial rights and responsibilities.
Can you get a prenup after you get married?
Under Texas Family law, yes, couples can still enter into a marital property agreement after getting married.