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Is a prenup necessary?

On Behalf of | Feb 27, 2020 | Firm News |

Marriage is supposed to be forever. Unfortunately, that is not always the case. Prenuptial agreements can be a protective tool. Should you enter into one? According to Forbes, prenups are sometimes necessary. 

Prenuptial agreements can protect your personal rights, your property rights and protect you against infidelity. For instance, you can delegate who keeps which property. You can also include child-rearing matters within the prenup. If you worry are worried about infidelity in your partner, you can also outline what happens when one of you is unfaithful. One partner can forfeit his or her rights to the property. 

What you cannot expect from a prenup, however, is for it to cover everything. You cannot include any provision that violates the law. You may not include child support, for instance, in your prenup. Additionally, if you hide your property, it is not a part of the prenup and when discovered, will be subject to the court. 

So, the question still stands: is a prenuptial agreement worth it? While no one wants to assume divorce will happen, if it does, it can cost you a lot of money. Divorce can result in financial hardships for you and your partner. If you are worried about bringing up a prenup to your partner, you need to be open and honest with him or her. The best way to decide if you should sign prenup is to have a conversation. Discuss what a prenup will cover, what the benefits are and listen for any downsides or disadvantages. All of you and your partner’s feelings are valid.