Deciding to get a prenuptial agreement sounds like the kind of thing that could take all of the joy and romance out of an upcoming wedding celebration. There are several misconceptions about prenups, the first of which is that by having a prenuptial agreement in place, the soon-to-be spouses are planning for a divorce. Illinois couples who are planning a wedding should also about the false assumption that prenups are only for the wealthy.
Prenuptial agreements impact relationships
People routinely think of prenuptial agreements as a tool used by an older person to protect their assets before marrying a younger individual who might be seeking the wealth. However, knowing that prenups are not just a tool for the wealthy means that these documents can actually be a tool that makes a relationship stronger.
Going through the process of drafting and signing a prenuptial agreement allows both partners to be completely transparent about the assets and liabilities that they are bringing into the marriage. These transparent conversations also allow both partners to identify what matters the most to their future spouse.
All marriages end, so have a plan
The statement may sound cold and uncaring, but the President of the American Academy of Matrimonial Lawyers points out that every marriage does come to an end, either by divorce or death. Having a prenup in place allows the parties involved in the marriage to decide what happens to their estate instead of the court making those decisions for them.
Prenuptial agreements are not a matter of assuming that a marriage is going to end. Instead, it is a responsible decision that ensures every possible scenario has been planned for. An attorney may help their clients with this process by helping gather information about their existing assets, planning what to do with assets that are acquired during the marriage, and drawing up a contract that will be legally binding going forward.