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Divorce: Prenups can protect professional and personal assets

It is not uncommon for arguments about money to kill the romance in many Ohio marriages. If money issues are not addressed in a timely manner, anxiety, fear and uncertainty can be destructive. Unfortunately, such feelings often lead to threats. It is not uncommon for one spouse to threaten the other with taking everything in the event of a divorce. Fortunately, a well-drafted prenuptial agreement can provide the peace of mind necessary to allow couples to concentrate on the things that really matter to keep love and companionship strong in a marriage.

Times have changed and in many marriages both spouses are professionals, and each one may have a lot to lose if protective steps are not taken. Any professional assets acquired or earned during the marriage can become marital property or community property, and this may include income, pension, retirement and other professional assets. A prenup drafted with the guidance of an attorney who focuses on protecting the rights and assets of professionals may help one to avoid unpleasantness in a divorce that can ruin a professional person's life.

There is no reason one spouse should benefit from the career achievements of the other, and assets can be shielded from the devastation that a divorce can bring if there is no prenuptial agreement. Such an agreement can also provide peace of mind for investors, business partners and other professional colleagues who may also be affected if the marriage should break up. A prenup will serve to separate personal and professional dealings.

Every professional person in Ohio deserves to maintain ownership of rewards and benefits earned during a marriage. Contrary to the common opinion that a prenuptial agreement focuses the attention on divorce, it actually removes property and money issues from the equation and could eliminate or minimize financial contention during the marriage. Spouses who failed to recognize the importance of a prenuptial agreement before the wedding may find comfort knowing that a post-nuptial agreement can be drafted after the date of marriage.

Source: divorcedmoms.com, "7 Reasons Professional Women Need a Prenuptial Agreement", John K. Grubb, Nov. 2, 2015

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