Whenever someone hears the word “prenup,” they instantly think the relationship is going downhill. Why? Maybe because the concept is always associated with divorce.
No one gets married thinking about divorce soon after. So often, prenups are misunderstood as unromantic. But, it doesn’t usually indicate a lack of faith in relationships; it actually improves the understanding and bond between a couple planning to tie the knot.
To clarify things, here are six reasons why a couple should consider a prenup before getting married.
Prenups help couples create a firm structure for their marriage to build on. It separates their financial dilemma to be able to focus on their relationship. Moreover, prenups help you identify if your partner is willing to stay with you even if they would get no monetary value from you. Trust us, getting a prenup is a good and romantic decision- here’s why.
Do you know seventy percent of couples fight over finances and property? You may think the fighting may be more about chores or kids, but no.
Prenuptial agreements are beneficial to avoid such situations. It helps you discuss your finances and decide what’s better for both. A good lawyer can prepare a proper prenup for the benefit of both partners.
Even if you don’t land on getting a prenup, discuss finances openly because the topic of prenup brings you closer.
Prenuptial agreement minimizes the damage of divorce. It makes the couple more cooperative with financial decisions and agrees on beneficial choices. Going through a divorce is hard enough, so it’s better to get a prenup before marriage for a sound decision.
People fall in love and get married, but some get married to take advantage of their partner’s money. This leaves no room for love and respect to survive. So, prenups are an excellent way to protect yourself by understanding your partner’s intention.
Prenups can also act as a promise to one another— a deposit of a good and healthy future. A prenup can include health insurance, life and disability insurance, and how to take care of kids. It will help to build a future that you can both enjoy.
Divorce can quickly get messy and expensive, even if you and your partner have already decided how to split everything. The situation can get lengthy, leading to confusing decisions. A prenup has no room for confusion and thus saves you from spending more money and time than needed.
Divorce can leave you in shambles with nothing to live by. Sometimes, dividing things can also be troubling because most partners don’t know what they want to give and what they don’t.
Moreover, selling a house of your ancestors to pay alimony or to live by is troublesome. A prenup helps you to avoid all that trouble and settles everything between couples when they are in a sound, loving, and respectful relationship rather than a heartbreaking divorce.
Children go through a lot when their parents are getting separated. Moreover, if you have children from your previous partner, it becomes harder to protect their future and inheritance. Prenups help to make the situation more comfortable for children as you try to settle things in the divorce.
In a divorce, just like assets, debts also get split in half. If your partner has a large credit card debt, half of the payment responsibility will fall upon you. To avoid such troubles, a prenup will allow you to straighten out the liabilities of your partner’s debt and how it will be handled in case of a divorce.
States have laws for splitting the assets between the couple during a divorce. They focus on what belongs to whom and decide depending on the state’s law. Sometimes, this leads to unfair settlements and chaotic situations. A prenup helps you control the division of assets between you and your partner.
If divorce isn’t stressful enough, now you have to start from scratch. When you’re planning to start a new chapter in life, trying to forget all the bygones, you don’t need to worry about losing your business. You can live worry-free by detailing all the ownership and control of your business in a prenup.
When you have already dealt with the financial aspects of your relationship, you now have more time to focus on the future and plan ahead. You can decide on getting a bigger house, vacationing, or renovating the house. As your relationship has time to grow, fights about finances will lessen as you learn to value other aspects of your marriage.
Misunderstandings and miscommunications are two of the leading causes of conflict in relationships. When couples start to fight over money, the understanding vanishes as money is quite a personal topic for everyone. But with a prenup, you don’t have to worry about money as it’s already settled. You can give each other time to focus on the relationship.
Retirement can seem like a dream when going through a rough divorce. Keeping your assets safe for the future becomes the biggest priority. To keep your retirement assets off the settlement deal, it’s better to get a prenup.
Prenups get a terrible rep in every relationship. People tend to think wrong of their partner whenever the topic comes up. But many people don’t realize that it’s just a way of planning for the future. If your partner thinks of a prenup, try to consider it as a future plan. Don’t let the idea of prenup scare you. It just means your partner cares for your future.