Deciding that it is time to get married is exciting. It is also stressful and worrisome. Do you really know the person you are exchanging vows with? We truly don’t can’t know anyone and their past. That’s why signing a prenuptial agreement is an important step to take prior to getting married. Here’s how you can protect a beloved collection using a prenuptial agreement.
Do you have a beloved art collection? Have you been collecting rare baseball cards since childhood? Do you have a collection of Playbills that are autographed? How about rare coins? No matter the type of collection you have, it’s a good idea that you protect it by including it in a prenuptial agreement.
A collection is precious, sentimental and might have even been handed down to you from a parent, grandparent, great grandparent or beloved friend. Why should anyone other than you be able to have access to this collection if your marriage ends in divorce? Surely you’d prefer your children or perhaps a sibling to inherit the collection upon your death and not a former spouse.
Protecting a collection in a prenuptial agreement helps you ensure that your future spouse does not take half or all of it should you divorce. This means that it can be kept off the table during discussions about how to divide property.
A prenuptial agreement is a great way to protect the property you bring into a marriage. A prenup does not increase the likelihood that your marriage will end in divorce. It is just a smart way to protect yourself and your assets.