Imagine that you and your spouse “say yes” and agree to get married. Your wedding day is a ways off, but there are still a lot of things that you have to figure out before you walk down the aisle. One of these things is a prenuptial agreement.
The phrase may sound like something terrible — as if we aren’t even supposed to talk about it. That’s because prenuptial agreements were portrayed as evil contracts for many years. Prenups were seen as causing more problems than they could potentially fix. And, in the most exaggerated and devious portrayal, prenups were essentially anti-love.
Thankfully, as the years have passed and people have opened their minds, prenuptial agreements have become a more accepted element to marriage (and divorce) proceedings.
Prenuptial agreements are, at the core, very simple contracts that outline what will happen in case a divorce occurs. In addition though, these contracts can outline other behaviors and elements that are part of the couple’s marriage. Prenups can’t cover every topic, and legally they are barred from including certain topics (such as child custody) — but they can deal with many critical issues that often cause splitting spouse to waste time and money in court battling over the topic in question.
Even if you and your spouse decide to forgo a prenuptial agreement in your marriage, it is still an important discussion to have. It may not be an easy discussion, but a necessary one that can help the two of you better understand the financial situations of the other person, while also finding out some critical information about their expectations for the marriage and divorce.