Divorce can be an intimidating word and when you’re getting ready to get married, it is hopefully one of the last words on your mind. Flowers, friends, and forever are often more of the words on your mind. However, it can be a good decision to take a little time and think about protecting your assets. A prenuptial agreements is not the most romantic item on your wedding to-do list, but it could just be the most important. However, prenuptial agreements have a bad reputation and there are many myths surrounding them. Let’s debunk some of them.
1. If I sign a prenuptial agreement I’m not really in love. This couldn’t be farther from the truth. Life rarely goes according to plan and it is always in your best interest to make sure that you are prepared for whatever may come your way. Signing a prenuptial agreement does not make you more likely to get a divorce but, if done correctly, it will ensure that your assets remain safe in the event of a divorce. This doesn’t mean that you love your spouse any less. Divorce is hard on everyone involved and emotions can be high. In the event of a divorce, a prenuptial agreement will ensure that your assets are protected.
2. Prenuptial agreements are only for the wealthier spouse. Prenuptial agreements, by design, are meant to protect both spouses in the event of a divorce. They are meant to be fair to both parties and a prenuptial agreement that is unfair or heavily favoring one side can be questioned by the court.
3. I don’t need a prenuptial agreement because I am not rich. Prenuptial agreements are not meant to protect only wealthy people. They ensure that if something happens, your assets and your future are protected.
Proper prenuptial agreements can be difficult; they require a full disclosure of all current assets and obligations. Our team at Gathings Law will develop a plan for you that will ensure that your agreement remains valid even though your financial or personal situation may change drastically during the course of your marriage. Don’t let the myths you hear about prenuptial agreements stop you from protecting yourself and your assets. If you or a loved one is getting ready to celebrate a wedding, call us at Gathings Law so that we can protect you from the “what if” so all you have to worry about is the “I do”.