4 Myths About Prenuptial Agreements Debunked

 Posted on July 06,2023 in Family Law

While most legal sources will strongly recommend using a prenuptial (or postnuptial) agreement in nearly all cases, there are quite a few negative things said about them. When you are engaged or newly married, you are likely to hear a lot of unsolicited advice pertaining to prenuptial agreements. Some of your friends may believe that these agreements are unromantic, while others may tell you that they are absolutely necessary in order to protect your personal assets in the event of a future divorce. It can be difficult to tell what is true about prenuptial agreements and what is misinformation. Before you begin working out an agreement with your soon-to-be spouse, it is best to speak with an attorney. An attorney can answer any questions you have about how prenuptial agreements work and what they should include. 

Common Misinformation About Prenuptial Agreements

If you are trying to decide whether to use a prenuptial agreement, it is helpful to know what is true and what is false about these legal contracts. Common myths include: 

• They are only for the wealthy - Many people believe that prenuptial agreements are only necessary in cases where one party is wealthy and the other is not. However, even couples who are starting out without significant wealth can benefit from these agreements and use them to establish what each party does already own. 

• They mean you will probably get divorced - Actually, being able to communicate and compromise well enough to agree on a prenuptial agreement can be a predictor of a strong and healthy marriage to come. 

• They only help if you do get divorced - Prenuptial agreements can be used to make estate planning decisions as well. You can use your prenuptial agreement to require either or both spouses to create wills naming the other as a beneficiary. 

• You do not need a lawyer to create a prenuptial agreement - A prenuptial agreement is much, much stronger when each spouse is represented by a separate attorney. It is much harder to invalidate an agreement when both spouses had the benefit of an attorney’s guidance. 

Most engaged couples could benefit in some way from a prenuptial agreement, whether they divorce or stay together forever. 

Contact a DuPage County Prenuptial Agreements Lawyer

Goostree Law Group is well-versed in the area of law surrounding premarital contracts. Our experienced DuPage County prenuptial agreements attorneys will strive to help you and your soon-to-be spouse create the agreement that is best for you. For a free consultation, please contact us at 630-364-4046. 

Source: 

https://www.businessinsider.com/prenup-myths-you-should-stop-believing-2018-10