A marriage is not only a union of love and families; it’s also about combining of money and property. This might not be an issue if both partners are young and have own little yet, but if either spouse (or both spouses) is more successful, with a career or business of their own, a prenuptial agreement is especially important. A prenuptial agreement may also be wise if one spouse has children (or assets, or debt) from a prior relationship, or is expecting an inheritance.
Despite popular opinion, a prenuptial agreement is not only for the rich and famous. Further, a prenuptial agreement doesn’t mean you believe your marriage will fail. This article in the Huffington Post lists and discusses 10 reasons why a prenuptial agreement is a good idea—and none of those reasons is “You don’t think your marriage can survive.” The article lists the following reasons why you should consider a prenuptial agreement:
- Writing A Prenup Can Help You Learn More About Each Other
- Failing to Discussing Financial Issues Can Doom A Relationship
- Separate Property Should Often Remain So After a Marriage
- Potential Spousal Support Liabilities Are Often Encourage an Early Exit
- Divorce Is Expensive
- The Prenuptial Agreement Keeps Peace In The Family
- Financial Independence Creates A Happier Relationship
- Prenuptial Agreements May Provide Freedom From The Other’s Debts
- The Law Is Not Always Fair
- Expectations Are Addressed In Advance
Regardless of your age or position in life, entering into a prenuptial agreement before you walk down the aisle can benefit your family, your money, and your marriage. Don’t let preconceived ideas about prenups and the rich and famous prevent you from protecting your assets. Talk to your beloved and consult with your attorney before you take the plunge into marital bliss.