In the United States, only 3% of those getting married or planning to get married have a prenuptial agreement. In addition, 63% of attorneys say that there has been an increase in the number of these agreements in recent years.
It seems that many people miss out on the importance of a prenup and the benefits. However, going forth without one may lead to financial hardship and loss. Read on to find why you should get a prenup before making that commitment!
1. You Don’t Have to Be Rich
A common reason that most people place on getting a prenup is due to the fact that one partner may be far more well off. The truth is that you do not have to be a millionaire to reap the prenup benefits.
This type of agreement can protect anyone of any financial situation from loss and obligation. Also, you may not be incredibly wealthy now but what about the future? These can also provide insurance if you do become extremely wealthy.
2. Love Doesn’t Always Last
Let’s be honest, love doesn’t always last. In fact, 50% of all marriages end in divorce. It is safe to say that most people don’t go into their marriage thinking that it will end in divorce.
So, the idea that you will love each other forever doesn’t mean that you should skip out on a prenup. Getting a prenup will also offer some reassurance that the other person’s intentions are in the right place.
3. Protect Yourself From Debt
Most people think of a prenup as a way to protect their assets. This is true but it is also a way to protect yourself from the other person’s debt. These agreements are a great way to protect your marital assets from being targeted.
Be sure that you get a good lawyer to help. You can view more here on common mistakes to avoid in this process.
4. Avoid Extensive Court Proceedings
Divorces aren’t always simple. They can become long and drawn out as partners fight over divvying up the assets. These processes are full of negative and challenging conversations that end up leaving the two parties in a bad place.
One of the benefits of prenups is that you get these conversations out of the way in advance. It can make the divorce process much more easy and clear cut.
5. Protect Your Assets
Obviously, the number one reason most people opt for a prenup is to protect their assets. No matter if you think the other person has ill intentions or if you are just simply afraid they may take advantage of you if it ends badly.
A prenup can protect finances, property, children, and other assets. You may find that many of the rich choose to get these but remember they can benefit anyone!
Why Get a Prenup Answered
Now that you are aware of why you should get a prenup, it may be time to have a conversation. Whether you are in a relationship or single, this is something you should get ahead of to avoid any surprises.
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