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The importance of a prenup

by | Jul 17, 2017 | Blog

Prenuptial agreements are quickly becoming the norm for any marriage. In fact, a report in Time Magazine showed that Millennials, more than previous generations, are hopping aboard the idea that prenups are fundamentally a good thing when it comes to marriage.

Many people are against the idea of prenups. They think that signing a prenup means setting up the marriage for divorce. That is not the case at all. In fact, there are several reasons why couples will benefit greatly by having a prenuptial agreement in place.

It gets the couple talking about finances

Money can be a sore subject for a lot of couples. Some couples refuse to talk about finances entirely. This is not healthy. Sitting down to discuss a prenuptial agreement forces both people to talk about personal financial matters.

Both partners have to be open about their incomes, savings and debts. It is beneficial for the overall health of the relationship if both people know precisely what they are getting into.

It forces both people to compromise

Disagreements are going to come up during a prenup discussion. While some points may seem frustrating, this is an excellent opportunity for the two people to discuss what they ultimately want out of the marriage. It forces the couple to make compromises and learn how to reach more amicable conclusions.

It helps just in case a divorce happens

Many people do not want to think about the prospect of divorce before the marriage has happened. While two people may be in love now, anything can happen over time. It is important to be realistic and plan for a divorce.

In the event a divorce does occur, a prenup will save both people so much hassle. It will clearly lay out the division of assets. Divorces are naturally difficult times, but it will be far less painful if the couple had the foresight to establish a prenup.