A prenuptial agreement may streamline the process of dividing property in the event of a divorce. However, Wisconsin couples may wish to have a conversation about their finances and come to certain monetary arrangements even if they don't create a formal agreement. For instance, each party should discuss their financial past, their current financial situation and what their future financial goals are.
This allows the couple to get an accurate picture of their current debts, income and assets prior to getting married. Having a clear picture now makes it easier to determine who will be responsible for paying joint debts and whether either side will need or receive help paying their own debts. A conversation such as this one should also focus on whether either side has reservations about relocating for work or when it may be a good idea to buy a home or make other large purchases.