The Truth About Prenuptial Agreements

For years, prenuptial agreements have been presented in a negative light by the media. However, attitudes towards prenuptial agreements (sometimes referred to as “prenups”) are gradually shifting and becoming more positive. 

What is a prenuptial agreement?

A prenup is a written agreement between two people who are planning to get married. It lists the assets that each party brings to the marriage and specifies what will happen to each piece of property if the marriage ends in divorce. Prenups can also make arrangements for the death of either spouse sort of like an estate plan — for example, if two widows with children from their previous marriage decide to get married, they could arrange in the prenuptial agreement for each person’s property to pass on to their children at death rather than passing on to the spouse.

Aren’t prenups just for the wealthy?

No! People of all financial stations can benefit from prenups. Creating one is a good way to get a better understanding of your financial rights and responsibilities before you embark on your marriage. However little you may have, you’ve worked hard for it and it’s important to protect it!

If I sign a prenup, doesn’t that look like I expect my marriage to fail?

No. Being prepared for a negative outcome is very different from assuming it will happen. Having a fire extinguisher on hand doesn’t mean you expect your house to burn down. Installing a security system doesn’t mean you expect to get robbed. It just means you’ve wisely planned for the worst while hoping for the best. Ideally, you’ll never have to use your prenup, but having one in place just in case can actually promote financial honesty and straightforwardness in your relationship.

Are prenuptial agreements hard or expensive to create?

Not if you partner with an experienced family law attorney! At The Amsberry Law Firm, we’ve drafted countless prenuptial agreements for happy couples over the years. We can help you make the process quick, easy, and beneficial for everyone involved. These documents are relatively inexpensive to create, especially compared to the cost of the court fees you’d encounter without one if a divorce does eventuate. If you’re ready to get started, and enter into your marriage with this financially responsible agreement in place, give us a call today. You can reach us at (210) 354-2244.