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Seeing the advantages of a prenuptial agreement

On Behalf of | Apr 8, 2021 | Divorce |

The idea of bringing up a prenuptial agreement may make you feel uneasy. However, the truth is that a prenuptial is nothing to fear. In fact, this formal legal agreement can provide you and your spouse with clarity and peace of mind. 

When you start a discussion with genuine concern for each other, the process of articulating an agreement may feel more natural and less threatening.  

Reasons to get a prenuptial

Getting married is something to celebrate, but as with any relationship, you and your spouse may have disagreements. A prenuptial agreement can protect your assets if you end up seeking a divorce in the future. According to U.S. News, some of the circumstances where a prenuptial would benefit you most include the following: 

  • You have already experienced divorce  
  • You have substantial assets 
  • You or your significant other have children 

If you own a business, a prenuptial gives you a place to clarify ownership rights and responsibilities in the event of a divorce. This can help you protect what is rightfully yours and keep marital discord from undermining your professional achievements.  

The value of honesty

You can articulate your expectations and your goals in a way that shows empathy for your significant other. Transparency can reinforce your prenuptial. Share openly and honestly with your partner. Consider aspects such as spending habits, debt management and long-term financial goals.  

 Do not rush your discussion. You may consider bringing up the idea of a prenuptial well in advance of your marriage to reduce the stress of having to come up with something right away. Express your concern for your partner and encourage participation in identifying a mutually beneficial agreement.