Okay, so prenuptial agreements are not exactly known for their sense of romance. Sometimes nothing could seem less appealing than sitting down with your future spouse and discussing what might happen to your finances if you divorce.
Many couples avoid discussing prenups for this very reason. Avoiding the conversation, however, is just one of several crucial mistakes that many couples make regarding prenuptial agreements.
1. Skipping the conversation
As we mentioned, perhaps the single biggest mistake involving prenuptial agreements is skipping them altogether. No, discussing the legal aspects of your finances is not as romantic as picking out honeymoon destinations, but if you push aside the discussion it could have serious ramifications later on. It is a practical reality that approximately 50 percent of marriages in the U.S. end in divorce. Don’t avoid thinking about prenups: Have a frank discussion, today.
2. Hiring the same lawyer
An attorney is usually necessary in drafting a prenuptial agreement. It is often wise to see a separate attorney from your spouse in order to have an expert on your side who will advocate solely for your best interests. If you both see the same lawyer, you may not feel as comfortable stating your honest wants and needs regarding your prenup.
3. Following your emotions
Falling in love, getting married and planning a life together is a very emotional time, but it is important not to let your emotions cloud your rational judgment regarding prenuptial legalities. Be clear-headed in your decisions in order to obtain a fair prenuptial agreement.
4. Getting it over with quickly
Don’t agree to a decision just to get the process over with and please your partner. If you act too hastily, you may end up with a prenuptial agreement that you will come to regret. Most importantly, do not sign any documents until you and your attorney are absolutely certain that you have reached the right agreement.
5. Lingering on it
Once the paperwork is complete, it’s not necessary to linger on the prenup any longer. Don’t let it affect the love and happiness between you and your future spouse: Carry on with your lives, enjoying your engagement and marriage.