Do I need a prenuptial agreement to protect me from debts my spouse incurred before our marriage?
Not necessarily, but a prenuptial agreement is useful for many reasons. You do not become legally responsible for your spouse’s debt just because you get married. However, if you take an action to assume responsibility of the debt, like adding your name to a credit card or refinancing an asset to include your name, you may have accepted liability. While a prenuptial agreement may not be required, a prenuptial agreement can address many issues including debts, but remember an agreement between you and your spouse does not bind third parties. Always seek counsel to get advice. Prenups can be beneficial to protect you and help you learn about your spouse and how someone manages their money. Contact our office today to discuss your options with one of our attorneys.
Posted in: HBD Law News