There is no question about it: the divorce rate in Georgia and across the country is rising. For a variety of reasons, more and more people are choosing to marry and divorce (and sometimes marry and divorce again). While there is nothing wrong with leaving a marriage that doesn’t work, the divorce process can be difficult, especially when a couple must go through complex asset division. There is certainly one way, however, to avoid some of the difficulty that comes with property division: a prenuptial agreement.

A prenuptial agreement allows for couples to create a detailed plan of how to divide marital assets in the event of divorce. Although some people consider them to be the antithesis of romance, with the extremely high divorce rate in Georgia, they may be more useful than harmful.

One family law lawyer has taken the idea of a prenuptial agreement even further, however, by suggesting what he calls a “wedlease.” A portmanteau of “wedlock” and “lease,” a wedlease would be a contract between two parties to remain in a marriage for a specific amount of time. The couples could choose to remain together for however long they wish, renewing their lease as it comes due or letting the lease run out. If the couple chooses not to renew, they will separate based on the terms of the lease, which would be similar to a prenuptial agreement.

While wedleases may not be catching on anytime soon, Georgia couples may wish to capture some of that concept by working with a family law attorney to craft a prenuptial agreement.

Source: KNAU, “Would Some Marriages Be Better If Couples Signed ‘Wedleases?’” Mark Memmott, Aug. 13, 2013