Unfortunately for many divorcing men, prenuptial agreements have yet to shake their reputation as a document that is only necessary for the extremely wealthy. There are numerous benefits provided by a prenuptial agreement, even for moderate earners who don’t anticipate a windfall any time soon. Here’s why our NJ divorce lawyers for men always recommend a prenuptial agreement to business owners, physicians, and many other men when they are planning their wedding.
One Less Thing to Worry About
Planning a wedding and combining your life with someone else’s can be extremely stressful. This time of transition should be made as easy as possible on both parties. A prenuptial agreement directly addresses many financial questions that arise when a couple is considering marriage. Once the document has been drafted, there’s nothing more to worry about and you can focus on other important tasks. Instead of putting off that difficult talk about money, be proactive and create your prenuptial agreement well in advance of the wedding.
Shows Exactly Where You Both Stand
Since both parties must be in agreement before they sign the prenuptial agreement, now is a great time to hear about what your partner expects to happen with your finances if you end up getting divorced. If you find their demands completely unreasonable, it may be time to seriously rethink what you’d like your future to look like. It isn’t often that we see a couple break up after one partner has requested a prenuptial agreement, but it does happen from time to time.
Even if you both want to draft a prenup, it doesn’t mean you have the same ideas about what you want included in it. Couples often have very different ideas about whose money is whose. For example, maybe your partner believes you should share your future income but recognizes that money you make through investments should be excluded from a divorce agreement. It’s best to know about these differences of opinion now so you’ll be aware of what the future may hold. For male entertainment figures divorce.
You Never Know How Life Could Change
Many of us have been in our career for years, so we have a pretty good idea of how our financial situation will look one, five, or ten years from now. But what if you decide to make a spontaneous career change that drastically increases your income? Or if you finally find the time to go back to school to get that advanced degree or certificate? Maybe your spouse will increase their income in the coming years; do you want to risk them becoming bitter and high-conflict during a potential divorce because you haven’t clearly defined how assets will be divided? As much as we’d like to believe that we can predict the future, nothing is for certain. A prenuptial agreement provides peace of mind that everything will work out if your marriage ever ends.
Have we convinced you to learn more about prenuptial agreements and how you may apply one to your situation? Contact The Micklin Law Group’s family law attorneys to get additional information about this valuable legal document. Start here.