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How can a prenup help a stay-at-home parent?

If you are a New Mexico resident who is considering getting married soon, you might wonder if you should create a prenuptial agreement with your future spouse. While certainly it may not seem as romantic as planning a wedding, discussing matters to be put into a prenup may end up being even more important to your future. If you or your partner may want to stay home to raise any children you ultimately have, a prenup may be extremely valuable to you.

As explained by The Daily Worth, if an at-home parent gets divorced, the financial challenges this experience presents to them may be far more severe than those for a spouse and parent who is employed outside the home. Generally speaking, a person who has several years away from the workforce cannot expect to get a job at the same responsibility or pay level as when they left their last position. This is because of the continued changes that take place in most industries and businesses.

A prenuptial agreement can be used to proactively outline a level of support for a parent who is willing to give up a career in exchange for caring for a family. For people who make this choice after getting married, a postnuptial agreement may be used to do the same thing.

This information is not intended to provide legal advice but is instead meant to help give New Mexico residents some idea of how a prenuptial or a postnuptial agreement may help them if they decide to stay at home to raise their children.

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