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Posts made in December, 2018

More Couples Should Consider Prenuptial Agreements

Posted by on Dec 21, 2018 in Divorce | 0 comments

We all know the story behind the prenuptial agreement. A very rich celebrity couple sign a prenuptial agreement despite claiming they plan to stay together forever. Six months later, they get divorced and somehow, they end up fighting things out in court despite the prenup.

For most of us, this story is full of assumptions about the prenuptial agreement. First, it only applies to the very rich. Second, it’s for flaky people who can’t stay married and never really have an intention to do so. Third, the prenuptial agreement is easily broken and really just leads to more legal headaches. And fourth, the prenup is really just a means of getting attention.

The thing is, all of these assumptions are wrong. The idea that the prenuptial agreement exists solely to help fuel the gossip magazine and reality TV market is ridiculous, when you think about it. The prenup wouldn’t exist if it is was so useless and made life so dramatic for everyone.

It’s time to disabuse ourselves of just what a prenuptial agreement is and what its purpose is. In fact, this agreement can make life a lot easier for many of us, and not just if we’re rich. With such a high percentage of marriages ending in divorce in America, more of us would benefit from the simple, straightforward process a prenuptial agreement allows. To make this a more popular option, though, we need to demystify it and focus more attention on the benefits instead of the negative assumptions.

With that in mind, we need to reestablish, first and foremost, what a prenuptial agreement is. According to Adams Law Firm in Houston, Texas, a prenup is nothing more than “a written agreement drawn up before the marriage. This document can be used to prevent disputes later down the line, should a divorce occur.”

In other words, all a prenuptial agreement does is streamline a potential divorce if it should ever occur. There’s not a word in there about having millions in assets that need protection. So, the first assumption can be done away with. Anyone can have a prenuptial agreement, no matter how much they’re worth. It just avoids future arguments over property and assets.

The above definition also takes care of assumption number 3. Prenuptial agreements aren’t easy to fight. In fact, they almost always lead to a simpler, less expensive, shorter, and less stressful divorce. That obviously makes this a fairly worthwhile thing to consider, since we know about the high divorce rate, meaning this isn’t really about getting attention, it’s just good common sense.

That leaves the second assumption, that only flaky people who expect a divorce draw up a prenuptial agreement. Here’s the thing. We are always told to prepare for the worst-case scenario in every aspect of our lives – except marriage. We should have money saved in case of an accident or in case we suddenly lose our job. We should be prepared for bad luck and misfortune around every corner. Yet, somehow, we’re told not to prepare for that in our own love lives. Why should marriage be any different?

It’s time to move past this prejudice and do the smart thing before we jump into a marriage. It’s time to give the prenup a new reputation, so it can really do its job.

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