Although premarital agreements can be a sensitive topic for many, they are becoming more common as couples of all income levels, sexual preferences, and ages continue to share holy matrimony. Premarital agreements will become more popular as the economy improves and the real estate and financial markets recover.
Prenups can help eliminate uncertainty in money matters, protect parties from future litigation (as opposed to fights over who gets the pet dog). However, prenups still get a poor rape and there are many negative associations associated with signing a premarital arrangement.
These myths include:
- Prenups can jinx the marriage.
- The party that is more financially secure takes advantage of the party that is less well-off. It’s unfair!
- Prenups can be harmful for women.
- Prenups reduce the possibility of a marriage becoming a cold business deal.
- Prenups make it easy to divorce
- Prenups are expensive.
- Prenups can only be used by the glamorati.
- If I bring up a prenup (read more about how to handle that here), my intended will be offended, hurt, or insulted.
- Prenup: “I don’t love you, and I don’t trust you.”
- My intended and me are very close and have dealt with our differences verbally. It is not necessary to be written.
- I don’t require a prenup, as I intend to live with my partner and not marry him/her.
- Prenups say, “Don’t touch my money.”
- Prenups do not apply to young people who are just starting out.
- Prenups are not necessary as our legal system handles these matters in the case of divorce or death.
- Prenups are useless as they can’t anticipate what might happen in a marriage.
Summarized from an article by Walzer Melcher & Yoda LLP.
