It may not sound romantic, but marriages are a type of business arrangement. When you get married, you take on your spouse’s financial successes and burdens. While this is not always a bad thing, there is always a risk involved. That is why some couples think about and eventually choose to create a prenup.
Many people think prenuptial agreements are a taboo subject and run the risk of ruining a relationship. However, many younger couples are now creating prenups, with success. How as the perception changed about these arrangements?
Protection and independence
Traditionally, people thought of prenups as a protection for husbands, so they could know their wives were not marrying them for their money and so they could not take half after a divorce. But this is not always the case. Many younger couples see prenups as a way of providing each person with equal protection and independence. Prenups are seen as realistic and smart planning for the future.
Prenups can help people who own their own businesses or other significant assets like retirement accounts or investments. They can also help couples with debt and people who have or plan on having children.
How to get started
If you feel like many other couples today, and think signing a prenup is a good idea, there are a few ways to get started. You and your spouse will each need a lawyer in order to start creating a prenup.
You will also need to evaluate all your assets and determine what exactly you want to include in your prenup. Many people include provisions about their income, real estate and even who will get their pets in the event of a divorce.
Prenuptial agreements are a smart idea and many people do see them as a positive beginning to their marriage. Emotions do not have to get in the way of setting precautions and safeguards to your success and independence.