Nothing Says I Love You Like A Prenuptial Agreement
The term “Prenuptial Agreement" is about as popular as the term “Mother-In-Law”. People are afraid to talk about them before getting married for fear of tainting the relationship, or worse, breaking up the engagement. Getting a prenup doesn't have to be awkward or embarrassing.
Court intervention just costs too muchPrenups are particularly important for couples in second marriages, blended families, or those who want to protect a business, family gifts, or inheritance. Couples can make decisions on how they manage their assets better and cheaper than the courts. For example, you can set spousal maintenance in advance if you know that one spouse will sacrifice their career to be a stay-at-home parent and raise the children.
Negotiation can bring you closer togetherGoing through the process of negotiating a prenup can help you become more open and transparent as a couple. You and your partner will better understand each other's needs, concerns, and motivations as you enter your marriage. You'll benefit from reaching an agreement through discussion and compromise, and further demonstrate that you two can successfully work through potentially difficult issues.
Disclosure is keyFinances are one of the leading causes of stress in a marriage. The conversation is unavoidable when you*re married so by disclosing all of your financial information up front (income, debts, assets, and inheritances), it could help you avoid future financial arguments.
Protect the businessFor business owners, a prenup can ensure that your ownership is protected thus protecting your business partnership and interests. For those who are marrying into the business, don't be surprised if your fiance's business partners demand one. They are simply trying to keep the business running no matter who gets divorced. Most likely, they had to sign one too.