Some Answers to Frequently Raised Objections about Prenuptial Contracts
Prenuptial agreements have often been represented as “weapons” that spouses use in a bitter divorce or is construed as pessimistic, “worst-case-scenarios” that seem to say that a marriage is doomed from the start.
As a result, many people voice strong objections when their spouse-to-be suggests that they create a prenuptial agreement. Most of these objections come from the heart not the head because prenuptial agreements are, in fact, a wise “insurance policy” for any marriage.
Following are the logical answers that may set aside emotional objections.
Prenuptial Agreements Always Favour the Husband/Wife
In order to be upheld by the court, prenuptial agreements must be fair and equitable in the eyes of the law.
A Prenuptial Agreement Means We Don’t Trust Each Other
A prenuptial agreement can only be created in a trusting atmosphere where both parties feel free to offer “full disclosure” regarding their assets and debts. These “intimate” revelations often open the door to resolving other important issues.
Even If We Divorce, I’m Sure It Will Be Amicable
Even the most loving marriages can end badly. There’s just no way to know. A well-drafted prenuptial agreement will help ensure that there is no emotionally and financially draining court battles in the future on the issues covered in the prenup.
Neither of Us Has a Lot of Assets
Most young couples have not yet accumulated large estates. In time however they will accumulate.
We’re Not Going to Ever Get Divorced
Sadly, as divorce statistics demonstrate differently. Much of the advantages of entering into a antenuptial agreement has nothing to do with divorce for instance protecting a spouse from the creditors and debt of the other spouse.