There are a few myths about prenuptial agreements that may make people hesitant to consider them. Let’s address some of the most common misconceptions:
1. Prenups Are Only for the Rich
Many people think that only the wealthy need a prenup, but this isn’t true. While high-net-worth individuals may have more complex financial situations, even couples with modest assets can benefit from a prenup. It’s not about how much money you have; it’s about making sure both parties are clear on financial matters and protecting each other.
2. Prenups Are Unromantic
Some might feel that discussing a prenup is a sign of mistrust or lack of faith in the relationship. However, a prenup doesn’t mean that you expect your marriage to fail. It’s simply a practical way to address financial matters before they become an issue. Think of it as similar to purchasing insurance — you don’t expect something bad to happen, but it provides security just in case.
3. Prenups Are Only for Divorce Protection
While prenuptial agreements are most commonly associated with divorce, they can also provide protections in the event of death. For example, a prenup can define inheritance rights, ensuring that each spouse’s assets are handled according to their wishes.
4. Prenups Aren’t Enforceable
Some people assume that prenuptial agreements are not legally binding, but that’s not the case. Prenups can be enforceable in court if they meet certain legal requirements. However, for a prenup to be valid, it must be written properly, signed voluntarily by both parties, and meet all legal standards set by your jurisdiction.
Call Kelliher & Beyer, LLP at (508) 960-1112 or email at info@kelliher-beyer-law.com to set up a consultation.
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