The Pros & Cons of Signing A Pre-Nuptial Agreement
July 20, 2022
Like anything, there are pros and cons to signing a prenuptial agreement with your significant other before getting married. Though that can become a very hard conversation, it is up to you and your fiance to decide if that is best for both of you and your assets. We will take you not only through the pros and cons of having a prenuptial agreement but also a few alternative options to said document.
Pros of a Prenup
A Prenup sets clear financial expectations for you and your spouse from the get-go. It also helps protect your separate assets. In the case of divorce, it protects both of you from a lengthy and costly divorce process and will certainly help the two of you prevent disputes over debts.
Cons of a Prenup
It could start off your marriage with one of you feeling as though the other is not in it for the long haul, it is not a romantic gesture by any means. Also, it may not be necessary for the two of you. It is important to note that signing a prenup will not solve any child custody, support, or visitation issues in the event of divorce. It could also take two lawyers to make the prenup valid.
Alternatives to a Prenup
Some alternatives would be creating a revocable and/or irrevocable trust for yourself, or your family creating an irrevocable trust for you.
Start your marriage off right!
We encourage you to consider these pros, cons, and alternative options and make the best decision for you and your spouse. Schedule a consultation today to get this planning started.