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It doesn't have to bother you that your future spouse won't make as much money as you, or that you are going to be the main provider in the relationship, but you should still have a prenuptial agreement.
There are so many things that can lead to divorce, and your chances of getting divorced are between 40 to 50 percent. The agreement doesn't imply that you expect a divorce, but just that you want to be financially protected. Here are a few things you should have a lawyer include in the document.
Retirement Accounts
If you have a retirement account, like an IRA, 401k, or a pension plan, have everything that was in the account before you get married protected if you divorce. You can agree that everything going into the account after you get married will be divided equally, but the money you saved independently will be yours alone. You can also say that all money that goes into these accounts in the future is yours only if you want.
Pre-Marriage Assets
Do you currently own your house, a vehicle, or another asset like a recreational vehicle? Protect these items in the prenuptial agreement so you don't lose something you already owned before you got married. You don't want to end up selling the item to split the profit with your spouse in a divorce, or having to give them their half of the value of the item to keep it.
Alimony
Alimony is a form of spousal support that you could have to pay to help your spouse financially if the two of you split. The amount would be based off the amount of time you were married and the amount of money you make. Each state has different requirements, but you can state in a prenuptial document that you don't want to pay any type of alimony at all. You can't get out of paying child support, but you can get out of having to support the spouse.
Will
The two of you should also go over your will, or you should have a will made. If you are bringing in a child from another marriage, or you want money to go to your parents or family, this should be stated in your prenuptial agreement and will. You also may have someone other than your future spouse that you want to be your medical power of attorney.
Talk with your soon-to-be spouse and a professional lawyer, like those at Patricia L Riddick PLLC Atty, about getting a prenuptial agreement made so you both can figure out what you think is fair. If you already know one of you is going to make more money than the other, or that one of you isn't going to be working a lot, you should have a chat about financial protection. There are advantages to protect both sides involved in the marriage.
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