While no one wants to think about divorce when they are getting married, taking the time to sign a prenuptial agreement now can make all the difference down the road.
One of the reasons why couples tend to skip signing a prenup is because they consider it to be an insult and incredibly unromantic. However, the bottom line is that if you are entering into matrimony with valuable assets or wealth, it is in your best interest to sign a prenup.
How can a prenup help couples strengthen their relationship?
There are many reasons that signing a prenup is important, including the fact that it can actually strengthen your relationship with your intended spouse. The process of discussing a prenup involves:
- Learning to discuss finances now before you say “I do” at the alter. This ensures that you both understand exactly what is at stake. Being frank about your finances now helps to pave the way for future conversations about money.
- Creating an inventory of the assets you bring to the marriage. Signing a prenup now in prenup now will make it easier to divide up your assets during the divorce when emotions are bound to be running high.
- Strengthening your communication skills by discussing your financial situation before your journey to the alter. This means that you will both understand exactly what is at stake.
- Protecting your future. Should your marriage end in divorce, you will both know where you stand when it comes to the assets and debts. That can create a sense of security for both people and lead to a fairer split.
Anytime one or both members of a couple bring valuable assets into a marriage, the future needs to be considered. Reframing your outlook now to see a prenuptial agreement as a contract between you and your future spouse can help to make this issue easier to digest.