Five Reasons To Sign A Prenup Before You Get Married
Congratulations, you're getting married. Sometimes it's hard to get past the discussion of doilies and boutineers and talk about important things like money. The important discussions like money and who is going to work when you're married are still in the gray area. Still, it's time for you and your spouse to consider a prenup. While you might think a prenup is a rude statement to your spouse, it protects everyone's assets.
The particulars of a prenup are going to keep both of your financials separate no matter what happens between you both. While you are not going to just hand over this important document during a discussion of whether or not bridesmaids should have sleeves, it's an important part of the pre-wedding process. If you are still at a loss on whether or not you are going to need a prenup, here are five reasons to sign a prenup before you get married.
Finances on both sides
When looking to marry the love of your life, you might have some issues when it comes to discussing the financials. While many couples deem talking about money to be "unsexy," it strengthens the bond between you and your loved one when you understand each other's limitations and struggles. By keeping your terms light and reasonable, they will be more inclined to agree to the prenup.
Histories of divorce or unfaithfulness
If your loved one has a history of divorces and gains material possessions or monetary gains with each marriage's end, you might want to keep a hold of your own personal finances. When you are looking to marry for life, you want your wealth and gain to be equal with the person you have chosen to spend the rest of your life with. However, you may not be inclined to split all of your possessions down the middle if the marriage won't work out.
If you or your spouse are on different in levels of financial wealth, then it may be important to your parents that you have a prenup drawn up. The rest of your family might not be as accepting to allow your soon to be spouse full access to your family's funds. A prenup might be a way to keep your family quiet while you marry the person of your dreams.
Heirlooms you wish to give back to a family member
If you or your fiance have heirlooms passed down from generation to generation, then a prenup might be in order to rule out the selling or use of any of these objects. While a prenup might seem like it needs to keep your entire financial earnings to yourself, you and your possible spouse could simply make the prenup an outline to hold on to specific heirlooms that will ensure they are returned back to your families.
The last reason to have a prenup drawn up between both parties is the acres of land either or both of you own. To keep your land safe, a prenup should be signed to keep your property separate. While you might not be copacetic on the entirety of the prenup, you and your loved one should at least be able to agree that there are pieces of property you both own you want no one else to touch.
When looking to divide up a prenup, mentioning it before a wedding might not be the easiest thing to do. However, by being honest with your soon to be spouse, you can begin a new marriage with the trust and honest many new couples seem to lack. When signing a prenup, it's important to understand that many couples might only have one substantially wealthy person marrying another, which is why it's important to listen and explain why getting a prenup is important to you and your future. For more information, talk to a local lawyer, such as William K Holman.