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Benefits of a prenup

On Behalf of | Dec 23, 2017 | Domestic Relations And Family Law |

Many people in Mississippi might still believe that a prenuptial agreement is only something that a very wealthy or famous person should seek before getting married. The fact of the matter, however, is that a prenup can be beneficial to just about anyone regardless of financial status or fame.

Modern marital contracts have evolved beyond simply outlining the property division or other financial provisions of a couple’s potential future divorce. One example of this is explained by Time Money. The advent of social media in society today makes it an ideal yet dangerous outlet for disgruntled partners to lash out at their exes. Reputations can be damaged in a manner of moments thanks to just a few keystrokes.

As such, many people are adding what they call social media clauses to their prenuptial agreements. A social media clause sets parameters around what a person may or may not post online about their former spouse during or after a divorce. Any violation of the terms may result in a rather hefty fine. Another benefit of a prenup is that it forces couples to have open and frank conversations about topics thta can sometimes be hard to talk about.

For couples getting married for the second or subsequent time, Bankrate suggests that a prenup can help them outline provisions for how their assets should be handled after they die. This may help them keep special items within family lines and therefore put some relatives’ concerns to rest. This type of pre-planning can go a long way toward getting others on board with the new marriage.