Wedding planning is often a fun and joyous time, but when it comes to planning for the twists and turns of a marriage, things can become tense. Prenuptial agreements are a real part of marriage planning, and they carry many myths that Illinois residents should be aware of.
Myth 1: Prenups are only for the rich and famous
When many people think about prenuptial agreements, they think of celebrity super-couples who each bring millions of dollars of net worth into a marriage. However, prenups are a viable option for all couples regardless of their individual net worth. Anyone who wants to protect his or her assets in the event of divorce should put a prenuptial agreement in place.
Myth 2: Prenups are a way of planning for divorce
When you get into your car and put your seat belt on, you don’t do so because you’re planning on being in a wreck. You are simply acknowledging that accidents are a possibility. Think of a prenuptial agreement as a seat belt for your marriage. You aren’t planning on a divorce; you are simply acknowledging that it could happen in the future.
Myth 3: Prenups are always one sided
With terms like “gold digger” being thrown around freely, many people think prenuptial agreements only benefit one partner in a marriage. In reality, prenuptial agreements provide a level of protection for both parties in a marriage and should not be viewed as a weapon or a tool that only benefits one person.
If you are considering a prenuptial agreement, you should work with an attorney who is well-versed in your state’s family law system. An attorney may help by reviewing your assets and putting a legally binding prenuptial agreement in place before you head down the aisle.