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Prenuptial/Premarital Agreements are Just Another Form of Insurance

On Behalf of | Mar 1, 2021 | Estate Planning - Estate Administration & Probate

For many people, the mere mention of a prenuptial agreement makes marriage feel more like a business arrangement than the celebration of love and happiness that is intended when two people decide to spend their lives together. This notion, however, could not be farther from the truth.  A prenuptial agreement effectively takes finances out of the equation and is just a legal way of telling your fiancé that you are not marrying them for anything other than who they are and your love for them. In that sense, a prenuptial agreement can even be viewed as another  gift of love and affection that each spouse can give each other before getting married.

Signing a prenuptial agreement does not mean you think your marriage is going to fail.  It’s just one more form of insurance to consider purchasing to “insure” against something bad happening.  Like most insurance we decide to purchase, we all hope we never have to use it, but we get the insurance anyway because we understand how important it can be to have if something goes wrong. Just because you purchase auto insurance, it certainly doesn’t mean you think you are going to get into an auto accident.  Quite the opposite in fact.  You purchase the auto insurance in hopes that you never have to use it.  Entering into a prenuptial agreement is exactly the same.  It is merely protection for both spouses against a potential divorce, something that neither party wants to happen.

If you are planning to get married and want to discuss the benefit of entering into a prenuptial agreement, contact us for a free consultation to get more information.