The build-up to getting married is an exciting time that’s full of optimism. The last thing on the mind of many couples is legal contracts like prenuptial agreements. Even though marriage is a legal arrangement, prenups still often receive a bad rap.
Prenups have several benefits, and it’s important that a balanced approach is taken toward the subject. Outlined below are two potential advantages of having a prenuptial agreement.
Getting off to a good start
Infidelity is one of the leading causes of divorce – and that applies to more than marital infidelity. Financial infidelity occurs when one spouse lies to the other about their spending or money habits or is simply closed off about the subject.
Signing a prenuptial agreement can help spouses-to-be bring financial issues out into the open. Further, they can stipulate who owns which assets and how they would be distributed in the event of divorce. Prenuptial agreements can get spouses into the good habit of being transparent about finances.
A prenup can save a lot of stress
You may never need to contemplate divorce. Many spouses go on to live happy lives together. Nonetheless, the reality is, many couples also grow apart. Divorce is a possibility.
Even if divorce occurs, that doesn’t mean it needs to be fueled by conflict and ill feeling. A divorce can be efficient and cooperative. Some divorced spouses are even able to remain friends afterward. A prenuptial agreement can make the property division process and overall divorce go much more quickly. This saves both parties a lot of time, money and stress.
To find out more about prenuptial agreements, it’s beneficial to seek legal guidance. Spouses-to-be who are creating a prenup each need to have their own legal representative protecting their rights.