Between news coverage, soap operas and family drama, we all have some preconceived notions about Premarital Agreements (also know as Prenuptial Agreements). In some ways, talking about a prenup is even taboo. The more you know, the less afraid you have to be of joining your life with another person.
Here are a few of the most common myths about prenups:
Myth 1: Prenuptial agreements are only for wealthy people; my fiancé and I are not rich and so
we don't need an agreement.
Truth:You might not be rich now, but do you really have no goals for the future?
Myth 2: Prenuptial agreements are designed to simply protect the wealthier spouse and strip the other spouse of all of his or her rights.
Truth:One-sided prenuptial agreements aren’t enforceable, so both sides are always protected.
Myth 3: Premarital Agreements Aren't Romantic.
Truth:There’s nothing less romantic than getting divorced because you weren’t on the same page with finances, kids, career plans and other life decisions before you got married.
Myth 4: Premarital Agreements must deal with every issue that might come up in a divorce.
Truth:Premarital agreements can deal with as much or as little as you want. Just a few issues, or everything under the sun.
Myth 5: If we don't get married, my live-in mate won't have any claims to my income or property.
Truth: Many states have laws and court cases which protect live-in mates so living together can sometimes create property rights for both partners.
The truth is that a carefully crafted premarital or prenuptial agreement
Resources can cement your relationship, prompt you to have the hard discussions that engaged couples need to have, and insure that your fi
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