There are many myths about prenuptial agreements that prevent people from making use of these powerful contracts. Many people assume that only the wealthy or famous require prenuptial agreements.
Others might question anyone who proposes a prenuptial agreement by assuming that they expect the relationship to fail. Some people may have a strong negative reaction to a romantic partner proposing a prenuptial agreement.
Despite the strength of that emotional response, people should keep an open mind about the true intentions of the other party. Those who want their marriages to work could find that a prenuptial agreement helps strengthen the relationship.
Prenuptial agreements offer mutual protection
The goal in drafting a prenuptial agreement is to craft specific arrangements that protect the finances and futures of both parties. Given that divorce rates remain relatively high, especially for second or third marriages, protecting against the financial devastation of a litigated divorce is a mutually-beneficial decision.
Even those who want their marriages to work may feel like it is necessary to protect themselves against the financial implications of an acrimonious divorce. People never know how their relationship dynamic could change over time.
In many cases, the possibility of negotiating a prenuptial agreement can help validate the sincere commitment that each partner has to the upcoming marriage. They can also strengthen their relationship by discussing matters such as their financial expectations and intentions for growing the family.
Discussing a prenuptial agreement can be a smart move for those who want to get married soon. People who enter into marriage with agreements already in place have the benefit of legal protection should the marriage fail.