What Are Some of the Most Common Misconceptions About Prenuptial Agreements?

signing an agreement

There are many misconceptions about prenuptial agreements out there. We can probably blame a lot of that on movies or TV shows, but when it comes to your life and your assets you really should do the proper research. That means talking to a Monmouth County family law attorney to see if a prenup would actually be beneficial for you and your future spouse. We have heard the most common questions about these legal documents, and we have the answers for you.

Are Prenuptial Agreements Expensive?

You will end up needing a lawyer to craft a solid prenuptial agreement, but that cost really is not all that extreme compared to the costs you could end up facing without one. This is because a prenup helps you establish an agreement about certain assets now. This prevents you from fighting over them in the future via litigation, which gets expensive quickly. So you can pay a small amount for a prenup now, or pay a lot to fight over money and other assets later. Which sounds better to you?

Aren’t Prenuptial Agreements Only for Rich People?

While prenups do get associated with rich people, these agreements are not just for people who occasionally forget just how many houses they own. Prenuptial agreements can help you solve any potential financial disputes before they come up, whether that dispute would deal with millions of dollars or just a few thousand bucks. We can take a closer look at your finances and help you learn more about how this document can be useful for you and your future spouse.

Do These Agreements Have a Use Outside of a Divorce?

Another common misconception about these agreements is that they only become relevant when you get divorced. This is actually not the case though. Your prenuptial agreement can also play a role in outlining financial expectations for your marriage and establishing who owns what. This does not just help you avoid unnecessary conflict. It also helps when you are making your own estate plans later on in life.

Aren’t Prenups Only for People in “Weak” Relationships?

Finally, do not think a prenuptial agreement is only signed by people who are in relationships that are doomed to fail. Creating a prenup and talking honestly about finances and expectations in your relationship can be healthy. There is no real reason to think that making such an agreement dooms your relationship to failure.

Talk to Our Family Lawyers Today

So if you think that you can benefit from the use of a prenuptial agreement, contact the Law Offices of George J. Mardinly and schedule a consultation. Our experienced family lawyers can tell you more about these documents, how they work, and how both you and your partner will be better protected.