Asking for a prenuptial agreement may not be the most romantic thing ever, especially with Valentine’s Day just behind us. Some experts insist that this isn’t true, that sitting down with a soon-to-be spouse and making arrangements might do a lot to alleviate worries going into marriage.
According to a recent article on Yahoo.com, people of all income levels could benefit from a prenup, even if you don’t go into marriage wealthy. One divorce attorney pointed out that “You might accumulate assets during the marriage, and even a young couple embarking on their own careers wants to make sure that what they acquire during marriage isn’t just left up to a judge to divide.”
Trying to predict how a court will divide assets is all but impossible and the certainty that a prenup offers is one of its best features. No two divorces are alike and judges might make choices with your assets that you weren’t prepared for. By drafting a clear plan outlining how your debts and assets will be divided in the event of divorce couples can shield themselves from some of the uncertainty of a litigious divorce.
The following are a list of several good reasons you might consider creating a prenup:
- Talking about potential problems can shed light on the status of your relationship today.
- You can create a post-nup.
- Some prenups can cost half as much as the average engagement ring.
- Couples often wait until the last minute, creating extra stress.
Many couples today enter marriages on an equal footing. Life and families can change the financial picture with one person staying at home and another continuing in their career. When you ask about the possibility of alimony in the event of divorce many couples are surprised to hear that the response of their significant other isn’t what they thought it would be. Knowing these things in advance can be important when it comes time to make decisions during the course of the marriage
While post-nuptial agreements are tricky and can be more difficult to enforce, they can be created if each party brings something to the table, something that makes the agreement fair to both parties.
Some attorney can draft a typical prenup for a few thousand dollars. Do-it-yourself forms from cheap websites are less expensive, but many times they end up being tossed out of court due to legal requirements not being met. When you consider that the average engagement ring costs about $5,200 according to The Knot, the expense of what might appear to be a costly legal document comes into perspective.
Many couples put off the conversation about a prenup until the last minute creating additional stress and pressure close to their wedding date. Couples should plan ahead and prepare for all eventualities; no one can guarantee they won’t ever divorce. One expert compares not having a prenup to not buying car insurance.
Though it may not be romantic to plan for the worst, it’s realistic. If you are considering a prenuptial agreement but have concerns, you need the help of an experienced South Carolina family law attorney to guide you through the complex process.
Source: “Why Almost Everyone Needs a Prenup,” by Kimberly Palmer, published at Yahoo.com.
See Our Related Blog Posts: