If you’re someone who’s planning to get married soon, the thought of getting a prenup might have crossed your mind once or twice, but why would you, right?
Prenuptial agreements – legal documents that state how a couple’s assets and possessions will be divided in case of a divorce – aren’t really necessary, especially if you know the law and are satisfied with their terms. But coming up with a prenup doesn’t easily equate to being a non-romantic, it just means that you’re someone who is careful about your future, and takes into account the possibility that all relationships come to an end, even if we didn’t want it to.
It’s not bad to plan for the future, especially if you own properties, stocks, have children, or would be spending for the family, such as education. Let me show you what I mean.
The Up and Down Sides of a Prenup
Let’s start with the upsides:
- It could help identify who gets what, for example, a business you already have before entering the relationship
- It can be crafted according to your preference and situation, but of course, it could only cover those that are within the law
- It could protect you from each other’s individual debts that may pile up before or during the course of your marriage, such as student loans
- It could save you more time in the future, because negotiations regarding properties would no longer occur given that they are already stated in the prenup
- It can help you prepare for the worst possible consequence a divorce could give you based on your own previous experiences
However, it also has its downsides:
- It could make you look like you don’t trust your relationship to last and that you’re open to the possibility of separation or divorce, even if you’re just doing this for practical reasons
- It may be unnecessary given that most laws already cover the issues that are contained in usual prenups, and getting it would just be additional expense
Just by looking at this list, you could already see that the pros outweigh the cons. If you really want to do a prenup, encouraging your partner to get one would be easier now that you know the up and downsides of it. Add to that, the fact that both of you would contribute to what will only benefit you in the future.
So go get yourself a lawyer and start crafting your prenup before you get married!