What is a pre-nup and 5 reasons you might want to get one
When you are in love and planning your wedding you don't want to think about what could wrong. No one goes into a marriage thinking it's going to end in disaster. Unfortunately, it does in a whole lot of cases and it's only wise to be prepared for any eventuality.
What Is A Pre-Nup?
It's simple – it's a legally binding agreement that two people work out before they get married. It dictates what will happen in the event of a divorce, it is generally specific to financial obligations. Divorce law can take care of this, of course, however, many people prefer to take control of the situation and decide how it should play out, rather than leaving it in the hands of a judge.
5 Reasons You Might Want A Pre-Nup
1. Advanced Planning
If your relationship does end in divorce you will know exactly what your …show more content…
Essentially, your pre-nup ensures a speedy and less stressful divorce.
2. Shared Finances
One of the biggest stresses that new married couples experience will be related to the financial aspects of life. A pre-nup forces couples to think about that aspect in a lot of detail. This allows you to avoid any future arguments over money because you will need to fully disclose your financial information during the process. Couples are forced to have frank discussions regarding their assets, potential inheritances, income, and debt. These are topics that a lot of couples tend to skip over and come back to bite them.
3. Learn Compromise & Communication
As noted above, this is often glossed over. Sitting down to agree on a pre-nup is essentially a crash course in the art of compromise and communication. Okay, so your lawyers will be doing the majority of the talking, but it's a really important process and couples who are open and honest get through the process quicker and easier. With a pre-nup, there are no
When you are in love and planning your wedding you don't want to think about what could wrong. No one goes into a marriage thinking it's going to end in disaster. Unfortunately, it does in a whole lot of cases and it's only wise to be prepared for any eventuality.
What Is A Pre-Nup?
It's simple – it's a legally binding agreement that two people work out before they get married. It dictates what will happen in the event of a divorce, it is generally specific to financial obligations. Divorce law can take care of this, of course, however, many people prefer to take control of the situation and decide how it should play out, rather than leaving it in the hands of a judge.
5 Reasons You Might Want A Pre-Nup
1. Advanced Planning
If your relationship does end in divorce you will know exactly what your …show more content…
Essentially, your pre-nup ensures a speedy and less stressful divorce.
2. Shared Finances
One of the biggest stresses that new married couples experience will be related to the financial aspects of life. A pre-nup forces couples to think about that aspect in a lot of detail. This allows you to avoid any future arguments over money because you will need to fully disclose your financial information during the process. Couples are forced to have frank discussions regarding their assets, potential inheritances, income, and debt. These are topics that a lot of couples tend to skip over and come back to bite them.
3. Learn Compromise & Communication
As noted above, this is often glossed over. Sitting down to agree on a pre-nup is essentially a crash course in the art of compromise and communication. Okay, so your lawyers will be doing the majority of the talking, but it's a really important process and couples who are open and honest get through the process quicker and easier. With a pre-nup, there are no