Getting engaged is one of the most exciting times of your life. You’ve found the person you want to spend forever with, and now it’s time to start planning your future together. One of the first steps for many couples is drafting a prenuptial agreement, but when should you start this process after getting engaged?
The Basics of a Prenup
A prenuptial agreement — also called a “prenup” or “premarital agreement” — is an enforceable contract between two people who plan to marry. It outlines how assets will be divided if the marriage ends in divorce or death. A prenup can also include other provisions, such as spousal support arrangements and inheritance rights.
Timeline for Drafting Your Prenup
Ideally, you should draft your prenup at least three months before your wedding day. This will give both parties enough time to review and negotiate terms before signing the document. Keep in mind that creating a sound and legally-binding prenup can take several weeks or months — so it’s best to get started as soon as possible after getting engaged.
What If I Don’t Create A Prenup Before My Wedding Day?
If you wait too long to begin drafting your prenup, there may not be enough time to work out any disagreements you may have about its terms before your wedding day arrives. If you cannot create and agree upon a prenuptial agreement before your wedding day, you might have to pursue a post-nuptial agreement to secure your assets and interests.
Giving You The Upper-Hand During This Difficult Time
Creating a good prenuptial agreement is an essential task for all couples planning on getting married—but it's vital to ensure sufficient time between engagement and the wedding day to draft this document properly. For couples just now getting engaged, it's best to start thinking about creating a prenup at least three months out from your big day so that each party has ample opportunity for negotiation and legal advice prior to signing off on everything included in this important contract.
At Law Office of Michael R. Young, our family law attorneys understand the value of creating a well-thought-through prenuptial agreement before marriage. If you and your fiancee are considering creating a prenuptial agreement, call our office today at (909) 315-4588 to schedule a consultation with one of our attorneys and begin the process.