You’re getting ready to get married and you have so much to do! Between planning the wedding, finding your outfits, planning your honeymoon, and dealing with the legal work behind marriage, it’s hard to keep up.
When many people get married, they choose to get a prenuptial agreement (or a prenup). Are you thinking “should I sign a prenup?” Are prenups bad?
Prenups don’t mean that you don’t trust your partner, but why should you get one? Keep reading to learn everything you need to know before you make your decision.
What Is a Prenup Agreement?
A prenuptial agreement is a legal document between future spouses. They sign it before they’re legally married.
When one signs a prenup, it means that they are protecting themselves and their assets in the event of a divorce. Everything that belongs to that partner will continue to belong to them.
Prenups have very clear and specific language to make sure that there are no loopholes or misconceptions before the couple signs. Each partner decides what they want to include in the prenup and everything else will be up to the state or their own agreements in the event of a divorce.
If you’re considering a prenup in Singapore, consult with YuenLaw for more information.
Prenup Pros and Cons
So now that you know what a prenup is, should you sign one? If you’re devoted to your partner and don’t plan on divorcing, is it really necessary?
Keep in mind that no one gets married with the plan to get divorced in the future. Prenups aren’t bad, but here are the pros and cons to consider.
As we mentioned, prenups protect you. They protect both partners, even if people usually only consider them when talking about a wealthy partner. They can protect assets, children from previous marriages, and more.
Financial abuse, in some cases, is more difficult with a prenup. There’s no way to marry someone for their resources and assets if those assets have protection behind a prenup.
If you do happen to get divorced in the future, having that prenup already arranged will make things easier. It means that you’re negotiating assets while you’re getting along instead of while things are tense.
You can always change things later or work out other agreements with your partner if you’re getting divorced and you can always get rid of the prenup if you want to.
So why wouldn’t someone want a prenup?
Some people might get upset if their partner wants them to sign a prenup. They may feel as though their partner doesn’t trust them or that their partner feels as though their wealth is more important or valuable.
If you still feel the need to have a prenup, make sure that you have an open and honest conversation with your partner and explain to them how it can help both of you.
Should I Sign a Prenup? You Decide
Prenups aren’t for everyone. When you’re trying to figure out, “Should I sign a prenup?”, talk to your partner about your concerns and try to come to a decision together. Remember, a prenup doesn’t mean that you don’t trust or love them.
For more helpful articles all about legal issues, relationships, and more, visit the rest of our site.