No one goes into a marriage thinking that it will end; however, most couples in Texas and elsewhere acknowledge that not all marriages stand the test of time.
Divorce has a bad reputation, as it can lead to lengthy and costly legal battles. Because of this, many couples opt for a prenuptial agreement prior to tying the knot. Even if the couple is not wealthy or famous, a prenuptial agreement helps outline agreeable terms if a divorce were to occur. This allows for a quick and efficient divorce to take place.
While prenuptial agreements can be utilized by any couple, those with much wealth and fame often include a prenup in their marriage.
This is the case for NFL quarterback Tom Brady and supermodel Gisele Bundchen. Only a few weeks after it was reported that each had hired attorneys to move forward with a divorce, it was announced that their divorce was finalized.
This high-profile divorce was finalized swiftly because they likely had a prenuptial agreement that made their divorce relatively straightforward. While reports did not confirm that there was a prenuptial agreement and did not detail the terms of the divorce, it is clear that the couple was not faced with a complex negotiation to reach a final agreement.
Benefits of prenups
As many will attest, divorce is filled with many decisions when it comes to the division of assets and property. A prenuptial agreement can help this process go more smoothly. Essentially, couples can determine what will happen in the event of a divorce prior to getting married.
A prenup can also allow the parties to avoid litigation and provide a level of privacy. As such, this is not a smart move for just the rich and famous but for those who want to avoid a lengthy, painful and costly divorce.
Executing a prenuptial agreement could provide a level of security and peace of mind because one never knows what the future might hold. Those considering a prenuptial agreement or questioning whether their current prenup is valid should take the time to understand the legalities of their situation and the options available to them.