In today's world, prenups are a must! Marriage is of course about love and devotion to one another, BUT it is also a legal contract. In any contract there are provisions that provide certain protections in the event one party does not perform. A marriage contract should be no different. No one purchases a car or house without insurance, so why would you acquire a spouse without protecting yourself in the event that things do not work out as planned? It's common sense people! Everyone enters into marriage with good intentions and faith that both spouses will live happily ever after. Unfortunately, the numbers tell a different story as approximately 50% of all marriages end in divorce.
Prenuptial agreements are a practical safeguard to the disheartening divorce figures. While prenups are typically recommended for individuals entering marriage with a significant amount of assets, young couples of equal standing could benefit from them as well. A recent Wall Street Journal article discussed some important information about prenuptial agreements and indicated that they may include provisions regarding infidelity, intimacy, and child rearing techniques. These are issues that all couples face, but seldom discuss. Choosing to draft a prenup with your significant other is not only a good way to protect yourself, but also a way to open the lines of communication about several important topics. Of course, if you decide to enter into a prenuptial agreement you should do so with the advice and counsel of an attorney.
Some say prenuptial agreements take the romance out of what is supposed to be the most romantic time in one's life. I don't know about you, but I would much prefer a tad less romance over the headache and stress of a messy divorce. So protect yourself and your spouse and prenup it up! |
Posted By Sarah Yekinni- law student & intern on July 08, 2010 09:31 am | Permalink |