Do You Know The Truth About Prenuptial Agreements
Would you really consider entering into some form of business without an agreement on the facts? These are called partnership agreements, by the way. You probably said no, right? This is why you should not enter into a marriage without a prenuptial agreement. Doesn’t it make sense to know that your assets are safe no matter what happens with the marriage. Of course hopefully you won’t need it, but what if you do?
Many people believe this type of behavior is setting a marriage up for failure from the start. But after seeing so many divorces from good friends, I totally disagree. If you go into a marriage with total honesty, everything is out on the table for all to see, right? This is the straightforward way to do things, in my opinion. Whether either of you own an expensive amount of assets or not, you don’t know what will happen down the road. Preparing for all the potential problems and outcomes just seems to make sense. Don’t forget your prenuptial agreement template, get the truth now.
Most couples begin a marriage thinking that things will totally work out, and never want to imagine getting a divorce. This is sometimes called the “rose-colored glasses” effect. Considering that more than half of all marriages in this country end in divorce and many times drain the bank accounts of both parties in the process, who are you really fooling? We live in a different time than our parents, where people change so drastically over the years that it is nearly inevitable that we grow apart in marriage. Is that such a negative thing? The positive side is that it gives us a chance to experience much more in life, and even to grow as a person. Of course a divorce is sometimes painful, but going into a marriage thinking it will last forever is just not realistic any more. Facing up to this reality is a bit more mature in my opinion.
What are the situations that can happen where a prenuptial agreement form would be needed? There are so many it boggles the mind – from having a business venture, to getting an inheritance from a rich relative, to having separate accounts set up for children (possibly even a college fund?), to having a windfall in a particular stock fund. The list goes on and on, but you get the picture. There are many financial occurrences that can happen, both good and bad, that may happen during a marriage. What if you suddenly find that your spouse has an addiction to shopping? Would you allow him/her to drag you down and lose everything in a divorce? Most people don’t consider the endless possibilities like this until it’s too late.
In conclusion, I hate to be the bearer of bad news, but life doesn’t always go as planned. So if you don’t have a backup plan in place you are much more likely to end up in negative situations than if you had one, such as a prenuptial agreement. Get the facts from a good family law attorney and you may save yourself a lot of grief in the case of a divorce. Or even download one for free from the internet!