Prenups are just good financial planning
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Prenups are just good financial planning

On Behalf of | Jul 30, 2020 | Divorce |

Prenuptial agreements have a bad reputation in some circles. For people who believe in life-long marriage, it can be borderline offensive. To them, a prenup can look like a planned exit from a starter marriage. But people in Georgia should know that this is not the case.

A prenuptial agreement is a good idea as it protects everyone’s interests. Prenups are a lot like insurance. Everyone buys homeowners’ and auto insurance. That’s not because they’re planning to cause an accident or burn the house down. But they want to have a plan in place in case something happens.

The statistics are clear. The United States has a high rate of divorce. So for engaged couples, it’s not wise to pretend that it can’t happen to them. Instead, it’s logical and sensible to plan for the worst.

Another thing to consider is that the break-up of a marriage is stressful. Negotiations about dividing property can drag on for years in some cases. A prenup eliminates many of these pain points.

Best of all, a prenuptial agreement is set up prior to the marriage at a time when a couple is most in love. It’s better for couples to come to an agreement on these important issues while they like each other. That tends to be fairer than arrangements that are made when people are fighting.

Prenups are a particularly good idea when one or both parties already have a child. When there’s a big gap between the couple’s assets, or there’s a family business to consider, those are also situations where a prenup should be considered. An experienced family law firm will be able to walk engaged couples through all the considerations that come with a prenuptial agreement.