Also known as a premarital agreement, a prenuptial agreement is a type of contract that the two people willing to get married can enter into before their marriage takes place. While the exact content of the prenuptial agreement can vary from one couple to another, what is common between these is the provision for spousal support and the segregation of property in case of breakup of the marriage or divorce between the two. At times the terms pertaining to forfeiture of assets in the event of a divorce are also laid down in prenuptial agreements.

This written contract between two people who will soon enter into the holy union of marriage can generate two different types of reactions. While some may consider prenuptial agreements to be a killer of romance, others may view it as a must-have 'weapon' in their arsenal that can be used in order to avoid ending up having a bitter and messy divorce. Premarital agreements are meant to be drafted prior to the marriage in order to safeguard one's property and assets. It is like a provision for the future should the worst happen.

These days, the popularity of prenuptial agreements is definitely on the rise. People who are in favor of these are the ones who desire to put all of their financial cards on the table before they walk down the aisle with their better halves. This notarized contract spells out in details the manner by which the couple should handle the financial aspects. While this may not be a romantic move at all, but being honest about one's finances and discussing them openly before the wedding ceremony is definitely something that is perceived as positive, something that is definitely a good thing!

One of the most common misconceptions surrounding prenuptial agreements is that these are meant for couples who are anticipating divorce. This is certainly a far cry from the truth, which is the fact that the couples simply want to be prepared for the worst, and this kind of agreement is in the best interest of both the individuals willing to be joined or united together in marriage. Since financial matters are something that one has to face, something that one cannot turn one's back on, therefore the prenuptial agreement does a great job of inducing people to take better charge of their financial matters and to face them.

Prenuptial agreements are said to be able to preserve family inheritance and ties and this has proved to be true in several cases. By going for this kind of agreement prior to the wedding, one will be able to protect the financial well-being of one's future children. Moreover, it allows things to remain more transparent between the couple because the two will be putting their financial expectations out on the table in a very clear manner.

Of course prenuptial agreements also have their own set of drawbacks. One of the biggest drawbacks of this kind of agreement is that it makes the individuals entering the contract have the impression that the other party in the contract is not interested in lifetime commitments. However the cons definitely overpower the pros of prenuptial agreements because the latter is larger in number.  If you need additional information, visit The Clark Law Office - Experienced Divorce Attorneys in Lansing, MI