3 Reasons To Have a Prenuptial Agreement

COVID-19 Divorce Law Firm

Planning a wedding takes time, preparation, and organization. What would happen if spouses devoted the same time to plan the marriage? A prenuptial agreement is a document that makes people balk. However, a prenup is nothing more than a plan for how you want your married life to progress. Here are three reasons why you should consider signing on the dotted line before saying, “I do.”

  1. It Is an Insurance Policy
    Those opposed to prenups argue that it is a blight on what should be a happy event. Having something that contemplates divorce puts a couple on the path towards that end. This is not true. A prenup is an insurance policy that you need to have, but not use. It exists for the worst-case scenario. If you flip your thinking from one of disaster to one of preparedness, the document becomes more meaningful.
  1. It Forces Difficult Financial Conversations
    Money issues still reign as the top reason for divorce. Having difficult discussions now about how you see your finances in the years to come may save you both heartache down the line. A prenup is a place to outline how you want to share assets, including real property, investments, and retirement accounts. It also allows you to separate the assets you had before marriage, keeping them with you or throwing them into the marital pot. Making these choices now takes the pressure off down the line.
  1. It Helps Chart a Course for Your Marriage
    Marriage is difficult, and regardless of how much you love your spouse, there will come times when you do not see eye to eye. A prenup can help navigate tricky waters that either lead to resolution or divorce. By making agreements in advance, you and your spouse will save a lot of heartache, anger, and frustration. Should you split, deciding how while you are happy will save the sea of emotions that flood in during rough patches. This does not mean you are doomed to divorce. It means that if you do, the two of you should have an easier time with certain agreements in place, such as:
  • Division of marital property
  • Shielding of pre-marital debt and property
  • Protection of biological children not in common

Couples with prenups tend to have more amicable divorces and get along better afterward than couples who do not.

Consider getting a prenuptial agreement as a protective measure for your relationship. Getting in touch with a divorce lawyer, like a COVID-19 divorce law firm in Arlington, Virginia, to start the drafting process before your wedding will serve to put your mind at ease in the future.

Thank you to the experts at May Law, LLP for their input into divorce and COVID-19.