Let’s Talk About Prenups
If you truly believe that you and your fiance don't need a prenuptial agreement, then that's a sure sign that you definitely need a prenuptial agreement.
Divorce lawyers across the country will tell you that in the United States, between 40 and 50% of all first marriages will one day end in divorce. In fact, there is one divorce approximately every 36 seconds. That is roughly 2,400 divorces per day, 16,800 divorces per week, and 876,000 divorces each year.
Of course, when you get engaged, you don’t imagine that your marriage will end in divorce, but with statistics like these, it is a sad but very real possibility. Even the most loving relationships can sour over time. That is why many family lawyers now recommend a prenuptial agreement. When it comes down to it, having a prenup can make the divorce process a whole lot simpler.
What is a prenup?
A prenuptial agreement is a legally binding contract that provides the framework for the distribution of assets in the event of the marriage ending, either by divorce or death. This document is created before the couple is married.
What does a prenup include?
Your prenup will be tailored to suit your relationship, so there is no simple answer to this question.
Most prenups include guidelines for the distribution of property and finances. However, they can be as specific as you like. Some even lay out rules for content that can and cannot be posted to social media in the event of a divorce. Ultimately, you decide what you want to include in your prenuptial agreement. In the end, no two prenups are the same.
Can we change the prenup after we’re married?
It is possible to modify an existing prenup as long as both partners agree to the change. However, it is ideal to go into the process with the understanding that the product will be final. Of course, things change -- you may inherit a large sum of money, for instance. If you do decide to make a change, your family lawyer can help you modify the document to reflect new clauses.
Relationships are the fourth most common cause of stress for individuals in the United States, so it’s no wonder so many of them end in divorce. Having a prenuptial agreement to lay out some simple guidelines for the marriage and a potential divorce can take away a lot of the stress that builds up due to complicated relationship issues.