Spring is in the air, and with that comes the start of another season: wedding season! You’ve done the most difficult part; finding a partner to spend the rest of your life with. You’re both working through your seemingly never ending to do list. Venue, catering, outfits, wedding parties, but you haven’t added to your list the one thing that will give you peace of mind with your pending nuptials. The infamous “prenuptial”!
A prenuptial agreement isn’t just for celebrities. It’s a legal document that clearly defines financial and legal obligations between you two regular folks. The agreement will cover property division, spousal support, and other crucial matters. Everyone has their own unique story of assets and debts that they are bringing into the union and anticipate in the years to come.
Some people have preconceived notions as to what a prenuptial agreement is, so let’s clear up some rumors, shall we!
Getting a prenup means you don’t trust your partner:
Absolutely false. To have candid conversations about a prenup and both of your current and future financial situations shows an immense amount of trust. This starts your marriage on a solid footing. It’s a document you will feel good about having and then you can tuck it away, focusing on starting your lives together.
Prenups are one sided, and only protect the person with assets:
Prenups are not only about assets, where only one half of the party is at risk of losing. Prenups include a variety of situations including debt, inheritances, and businesses that could be split if there is no agreement put into place ahead of time. It’s not only about a portion of assets, but also equally about a portion of debts. What do you want to be responsible for?
Prenups cost too much money:
With the average cost of a wedding being close to $30,000, it’s well worth it to slip a prenup into the budget. With our firm being 100% remote, we pass the cost savings to you, and you won’t waste time commuting to our fancy downtown office. We’re ready when you are, from anywhere in the world.
If your partner is the one who initiated the prenuptial agreement, and already has one prepared by their lawyer, we can support your side by offering Independent Legal Advice. This option comes with a flat fee of $750 and your lawyer will review the prenup and help you understand how it will affect your rights and obligations.
It’s not too late to chat with us about getting a prenuptial agreement. We can work with shorter turnaround times and can help you get this off your plate. If you’d like to set up a call, click here and choose a time that works best for you.