Prenuptial agreements, also called premarital agreements, aren’t quite as taboo as they was, but people often still sneer at the thought. Many people think that if they get a prenuptial agreement then they have to imagine their marriage is doomed to failure. “Doesn’t a prenup imply that you don’t trust one another?”
In as we speak’s world, where 50 p.c of marriages end in divorce, it seems like prenuptial agreements are the smart thing to do it yourself postnuptial agreement. No, it doesn’t imply that you want the marriage to fail or that you simply believe the wedding will fail. What it means is that you wish to put together for each possibility.
You get insurance in the occasion of a house fire, sure? Does that imply that you really want a house fire? Or that you imagine you will someday have a house fire? No. You are merely being financially savvy.
Many people have excellent reasons to get a prenuptial agreement. Listed here are the highest three reasons.
Reason 1 — You Have a Lot of Assets and Financial Wealth
In case you are rich, either via inheritance or from making the money on your own (or each), you’ll want to defend your assets. That doesn’t mean you count on your partner to get nothing within the case of a divorce, but you might wish to defend what was rightfully yours lengthy earlier than you both decided to get together.
Reason 2 — To Shield Your Children’s Inheritance
You most likely work really hard to offer for your children, and also you need your kids to be financially secure it doesn’t matter what personal selections you make in your individual life. Getting a premarital agreement signifies that the youngsters’ money might be protected, no matter what happens between you and your new spouse.
Reason 3 — To Shield Your Business Interests
If you happen to run a business, then you may consider a premarital agreement. When divorce does occur, splitting a enterprise in half doesn’t often end well for either party in the divorce, or for the employees who’re employed by the business.
You probably have a prenup, then you possibly can work out how the enterprise property might be divided long earlier than the relationship has soured. Talk it over now, when you’re both thinking rationally.