A lot of couples wonder why they should already be planning for divorce when they are getting married. Some couples don’t believe in divorce, and others don’t want to start a marriage by talking about the potential of its end.
A pre- or postnuptial agreement recognizes that marriage is work and cannot be taken for granted. Marriage requires daily commitment, and there will be moments where you will question the marriage. However, because of this document, you can be in those moments without worrying about your financial standing if the marriage did end.
You can put all your financial concerns aside that may otherwise influence your decisions, because what should be running the conversation is your values, your commitment to each other, and what you expect from each other – not how much money you’ll get from one another. Pre- and postnups allow you to put that conversation aside and get to work on what really matters, which is the two of you.
We have found that people who enter into a marital agreement tend to stay together longer than couples without a pre- or postnup. The reason for this is that they’ve discussed their expectations with each other and have an open and honest dialogue about their finances.
A lot of times, when a couple gets married, they walk into the marriage not knowing their spouse’s financial story, and they don’t know that their spouse could be a stress spender or likes to save and have a certain amount before they feel safe. A conversation about a prenuptial agreement could help you learn those things about your spouse and how they find security in spending or security in saving, as well as a financial set point you both need to feel comfortable. This forces you to talk about your goals for the future.
It’s worth noting that you don’t have to have acquired significant wealth or assets prior to entering into a prenuptial agreement. Young people getting married who are starting out and don’t have much can also benefit from having a prenup.
It’s easy to get wrapped up in the pre-wedding planning and leave out the important stuff. Entering into a prenuptial or postnuptial agreement may not be romantic, but it’s loving. It tells your partner that if you don’t work out, you still have a lot of respect for them.
It’s important to remember that while a marriage is a wonderful bond between two people, it’s also a legally binding contract with you and the State, and that State is going to get to decide what happens in the event of a divorce, unless you and your spouse decide first. Get in touch with our firm today to start planning for the future with a prenuptial agreement.