While you’re planning your wedding, you have a lot to think about. Booking the venue, finding the dress, and getting your wedding party on board are all important steps. However, if you haven’t thought about a prenup, now is the time to talk about it.
Pros of a Prenup
There are a lot of benefits to a prenuptial agreement. This document helps list both spouses’ property before entering the marriage. It also works to ensure that your estate planning is in place, in case of any problems in the future. If you and your future spouse have specific arrangements about the marriage, property, and more, this is all listed in the agreement, putting everything in a legal format. The biggest benefit of a prenup is that it puts you and your significant other on the same page before you say your vows.
Cons of a Prenup
It’s important to keep in mind that a prenuptial agreement isn’t all roses and chocolate. In fact, it’s one of the least romantic parts of getting married. For many couples, the thought of a prenup can cause fear, stress, and anxiety. Another downside to a prenuptial agreement is that the timing isn’t always right. At the beginning of a marriage, you may be unwilling or simply unable to answer some of the questions required. If there are no significant assets coming into the marriage, it may not be worth the legal document.
Talk About It
While a prenup discussion isn’t an easy one, it’s important. You and your soon-to-be spouse need to discuss it together and make the right decision for your relationship. Not every couple needs a prenup, but every engaged couple should at least take the time to consider it together.
Talk to your lawyer about the pros and cons of a prenuptial agreement. Figueroa Law Group offers consultations to help you decide what’s in your best interest. Contact them today to find out more about why you should consider a prenup before the wedding.