Every time you hear a Hollywood couple divorcing you hear how they have signed on prenuptial contracts to minimize disputes about marriage agreements. When you are planning a wedding a prenuptial agreement may not be on the top of your priority list.
However, a lot of issues can start emerging in the course of a wedding. So, you need to prepare yourself for the worst as you work through the tough parts it will help you have a smoother divorce. Also, when you are in a better state of mind, discussing the divorce may help you to be fairer, post-divorce things may get too awkward and difficult to sift through the proceedings.
We know prenups have gotten a bad rap in pop culture and people get scared of discussing it in hushed whispers. It is as if you are signing your fate for your future divorce. And there are plenty of other myths surrounding prenups. So, let’s bust some of them right here, one myth at a time.
Prenups are Only about Saving Your Wealth
Contrary to what most people believe, prenuptial agreements are not only about protecting money. They’re also signed contracts to help prevent disputes about different marital assets. It may include discussing other issues, such as a house or a pet. The prenup can also discuss things such as the amount of future alimony one has to pay, or division about assets among kids, and how to manage money in the case of debts. It is just simplifying things when things get tough.
You Do Not Need to Include Other Details in the Prenup that You Find Important
You can include many other things in the prenup, however, it does not mean all of it will be enforced. If your judge thinks that your contract isn’t fair for both sides and it does not include things like child support or other unreasonable details, then the whole thing can get invalidated.
You May Not Need the Help of a Lawyer
It is the worst myth you have heard. You cannot sign a prenuptial agreement without getting it signed and approved by a lawyer. Legal representation is very important as it may help you move through the various features of the contract. Although it is not always important to get separate attorneys you should not forgo them at all as it may stop a judge from validating the contract.
Signing a Prenup May Make You Think You May Get Divorced
Most people think that signing a prenuptial agreement may mean you are destined to get divorced. It may even seem an ominous thing to do. It is time to bust the myth. In fact, a good prenuptial agreement may mean, you have a solid foundation to build your marriage and rule out any dissent in the future.
Even if your marriage goes towards the divorce path, you and your spouse will have fewer things to squabble about. In fact, it has been said that 86% of mental health experts have said that prenups do not have any predictable impact on the future of your marriage.
Prenups Are Irrelevant
Prenuptial agreement is not only related to the split. Prenups are not only related to financial expectations but can also lay the foundation for an estate plan. Yes, prenups also deal with death, yes what happens when one of the spouse members dies and what happens in such an eventuality. Although this is not something one discusses, it covers the practical aspect of things.
You Cannot Change a Prenuptial Agreement At All
In the eventuality that one spouse has more money and assets than the other one and the couple heads for splitsville, they may not be bound to the terms of the prenuptial agreement. Yes, the spouse with a lesser amount of money is entitled by law to what is already thought upon, but the spouse who is more moneyed can give more money, In the case you are more generous, more than the terms of your agreement says, it won’t happen your agreement. In fact tweaks in the agreement can be made with the help of the attorneys and of course by the presiding judge.
Don’t believe all the myths about the prenuptial agreement you hear. In fact, if you are considering getting married and thinking of signing a prenuptial agreement, talk to your lawyer to dispel the myths and know more about it before signing on the dotted line.