Planning a wedding can be a bittersweet moment that is fun and stressful at the same time. While Alabama couples are choosing the perfect venue for their wedding, they may also consider a prenuptial agreement. Prenuptial agreements can safeguard spouses’ assets in case of divorce.
While some may view a prenup as a lack of trust and intimacy, there’s a difference between a young couple with no assets and an older couple with finances at stake. A large amount of couples may decide to get married at a time when they already have a successful career and own a home. They may also have large retirement savings and a considerable amount in financial assets. Even though a prenup may seem businesslike, it can still help to avoid a protracted divorce settlement in the future.
Moreover, relationships can still be successful when a prenup conversation is brought up. It’s recommended that partners are able to be upfront about their finances and be mindful about what words are used. It can help to make sure that the prenup is beneficial to both partners so that all assets are protected, with terms not favoring one over the other. It’s also recommended that partners do not bring up the subject of a prenup right after becoming engaged.
In spite of the criticism surrounding a prenuptial agreement, it’s not an automatic precursor for divorce. These agreements are also not being entered into out of control or distrust for the other partner. The purpose of a prenup is to protect each other’s finances and assets in case a divorce should happen in the future. Alabama couples who wish to enter into a prenup may want to explore their options to make sure they have legally binding agreements.
Source: Huffington Post, "Do Prenups Ruin Romance?", Mindy Utay, May 7, 2014