3 Reasons Why Prenups are Actually Romantic
A prenuptial agreement, or prenup, is a legal contract made by a couple prior to their marriage, which outlines how their assets should be split in the event that their marriage ends. At Mulligan Epstein Attorneys, one of our specialties is family law, and that includes prenuptial agreements.
Many people view prenuptial agreements in a negative light. They think prenups are something only the rich and famous need, or they’re afraid that entering one will jinx their wedded bliss. After all, planning for failure means planning to fail, right? Wrong! At Mulligan Epstein, we’ve helped enough clients navigate this issue to know that a prenup is actually one of the most loving and responsible things engaged couples can do. In honor of Valentine’s Day, we’ve rounded up three reasons why prenups are actually romantic.
1. A prenup forces you to talk openly and honestly about your finances.
According to a recent poll, 70% of couples argue about money more than any other issue in their marriage, including chores, dinner, and snoring. This is because many people never received the tools to handle their money effectively, or the education to make smart financial choices. Money is also incredibly personal, and binding your life (not to mention your bank account) to another person can be terrifying. A prenuptial agreement, facilitated by an experienced and sensitive lawyer such as the attorneys at Mulligan Epstein, can help prepare you for a lifetime of financial health and shared wealth. This foundation can not only strengthen your marriage, but save you countless arguments down the road.
2. A prenup helps you plan your future in addition to your wedding.
Prenuptial agreements aren’t only useful in the case of a divorce. They’re also an opportunity to make legal promises about how you’ll take care of one another. The terms of a prenup can include health insurance, life and disability insurance, deeds, access to certain bank accounts, estate planning, and how to care for your children. These are all issues that aren’t normally discussed during the wedding planning process, when seating charts and bridesmaid dresses seem like the most important thing in the world. A prenuptial agreement is an important reminder that the future you’re building together is what really matters.
3. A prenup helps you protect each other, no matter what.
Instead of thinking of a prenup as protecting your own assets, think of it as protecting your partner no matter what happens. It’s an opportunity to make choices while your relationship is strong and loving, rather than during a worst-case scenario situation, when you might be tempted to lash out or punish one another. If you plan to have kids, this is especially important. A prenuptial agreement means you’ve committed to taking care of each other and doing what’s best for other person, now and always.
If you’re planning to get married in the near future, a prenuptial agreement can be a great way to plan for a safe, stable, and secure future. And, just as it’s important to choose the right partner to settle down with for life, it’s also important to find an attorney you can trust to help navigate this contract with compassion and professionalism. The attorneys at Mulligan Epstein can help make sure you start your marriage with kindness and honesty; contact us today to start the conversation.