Marriage is a life-changing step that the majority of people do not take lightly. We go into marriage believing that it will be forever, but sadly this isn’t always how things turn out. That’s why, depending on your own personal circumstances, you may want to consider signing a prenuptial agreement before actually tying the knot. This is especially true if you’re in a high-income bracket, or own a lot of property and assets.
We realize that if you’re someone who’s soon to be saying ‘I Do’ the last thing you probably want to think about is the possibility that things might not work out. But realistically, this is something that might well end up happening. After all, whether we want to believe it or not, 40-50% of marriages in the US end in divorce each and every year. In our experience, the two things that can turn an amicable divorce into a messy one are children and money. So, if you don’t take steps to protect your financial interests now, you may end up regretting it in the long-term.
Talk it Through With Your Partner
The first thing you need to do if you’re considering a prenuptial agreement is to have a heart to heart with your partner. Don’t be surprised if they don’t immediately take to the idea – some may even take great offence at the mere suggestion. One good way of explaining it to them is by likening it to signing a will. Nobody wants to think about dying, but we sign wills in order to prepare ourselves, and our families should the worst happen. Essentially that’s exactly what a prenup is. It’s a legal safety net designed to help prevent an already messy situation from becoming even messier.
Because, after all, none of us can see into the future, and none of us knows what’s going to happen in the next few years. Marriages end for all kinds of reasons. One partner may commit infidelity, or you may find that over the years you begin to grow apart, and your relationship reaches a natural end. Whatever the cause of your separation might be, it’s invariably an emotionally traumatic and difficult time. It’s also a time where the last thing you need is to be worrying about your finances or the division of property.
By finding a specialist law firm that has experience in dealing with prenups you are also introducing a neutral third party into proceedings. One such example is Meek Law Firm Charlotte NC, but it’s best to do a little research beforehand to ensure you find a law firm that’s best-suited to your needs. It’s important that you find a solicitor that you can trust. So, if the worst happens and your marriage does come to an end, they can act as a mediator and as your representative. This in itself will help to alleviate at least some of the pressure.
The thing to remember is that a signing a prenuptial agreement isn’t about cynicism. Nor does it mean that you take your marriage any less seriously than the next person. What it is about is fairness, justice and helping to ensure your financial security in the long-term.