You are probably already dreaming about your dress, the venue, flowers,
and tasting cake. (The cake I chose for my wedding was from William Greenberg. Yum!)
But have you thought about having a prenuptial agreement?
Newly engaged couples start planning their perfect wedding pretty quickly.
Some had put their plans on hold due to the coronavirus, but now it’s
full speed ahead!
Many couples will be focused on sharing the big news with family and friends.
Others will be creating a budget, choosing a date, and a wedding planner.
Still other couples, more practical and financially focused, are thinking
about a Prenuptial Agreement. Yes, a Prenuptial Agreement. Prenuptial
agreements are not just for the rich and famous!
With over 35 years of experience as a divorce attorney and skilled prenuptial
agreement strategist, I know weddings should not just be all about the
dress, flowers, and the cake.
For many savvy couples these days, especially millennials, who are responsible
for the spike in prenups and the new respect for this important document,
careful planning to have the best possible financially protected future
together is an important consideration.
Pop culture has often portrayed prenuptial agreements as a means to protect
men, their assets, and property from “gold-diggers”.
But not anymore…
These days many women are earning more than their partners, have previous
assets and savings, and have a vested interest in protecting their financial futures.
I tell couples it is as important for women as well as men to protect their
assets. They should be prepared for a potential divorce rather than letting
the courts decide what happens if their marriage fails.
Why should you consider a prenuptial agreement? Let’s take a look.
1. It Can Strengthen the Relationship
In order for prenuptial agreements to work, you both have to be completely
transparent with one other about your existing financial matters. This
means fully disclosing your assets and your debts to one another. Get
the difficult conversations out of the way as soon as possible. Trust
me, the best time to talk about that maxed-out credit card is not after
Avoiding Discussions About Financial Matters is a Start on the Wrong Foot
Almost a third of divorces are the result of financial problems. We know
you’ve heard this before, so why not address this in advance? The
more communicative you are in planning your future together, the more
likely that future will be “til death do us part”.
Part of your prenup discussion can include discussions about marital roles
and obligations of each partner. There is nothing unromantic about smart
planning. Learn about how each partner views money and finance.
You Acquired Property Before Your Current Relationship
One of the things that I have found is that many couples interested in
a prenuptial agreement typically have acquired property or a business
prior to starting a relationship with their current partner. This is particularly
true with people getting married a second time. Oftentimes, a couple may
want to keep some of their property separate, especially if they have
children from a previous marriage. The idea here is that couples would
like to see their separate property, or even a certain percentage of it,
used for the benefit of their children in the event of a death or divorce.
You're single, you work hard, and you’re probably used to managing
your finances. However, during the course of a marriage, you are likely
to share some of the financial responsibilities together. If maintaining
a certain level of financial independence is important to you, a prenup
can help set those parameters for you. One way to do that is to outline
your obligations to each other and define where the lines are in terms
of maintaining your own earnings. You don’t need surprises or conflicts
about finances after your marriage.
5. Divorce is Very Expensive
Divorces are quite pricey and while we know that nothing can be further
from your mind, the reality is that about 50% of marriages in the U.S.
end up in divorce.
Think of your prenuptial agreement as something of an “insurance
policy” that will save you both a lot of pain and money by predetermining
who gets what at a time when you are not angry at each other.
If you are getting engaged during the holidays and will be starting to
plan that spectacular wedding in the New Year, consider planning for a
safe financial future as well, think about a prenuptial agreement and call me.
As a prenuptial agreement pro with over 35 years of experience in developing
sophisticated documents, I will help protect you should your marriage
end in divorce.
I want nothing more than a happily-ever-after for you. I also want a fair,
financially sound, and healthy ending to your marriage if divorce does occur.
A fast turnaround in creating a prenuptial agreement for you is possible!
Call now to schedule your free consultation with me! 212.734.1551
FREE 1 HOUR CONSULTATIONS are very informative
and conveniently conducted virtually to reduce risk!
I look forward to speaking with you. Stay healthy and safe!
Call Attorney Lois Brenner Prenuptial Agreement Specialist now to schedule
your FREE consultation!