The Romance of a Prenup
It’s been a joyous holiday season filled with all things holiday cheer. The rich foods, gatherings with family and friends, shopping, trips to the Mall to make sure Santa knows what’s on the “Wish List” this year, and for some of you, there was an unforgettable engagement to your significant other. About forty percent of engagements take place between Thanksgiving and Valentines Day, with the most proposals taking place on Christmas Day.
Contemplating marriage can be such an exciting time. There is so much joy and hope for your future. When contemplating this significant decision in your life, consider whether entering into an antenuptial agreement (also referred to as prenuptial agreement) is a good choice for you and your partner.
An antenuptial (prenuptial) agreement is a contract that determines how your relationship will unwind should it ever come to an end, including how property will be divided, whether and how much spousal maintenance will be paid, which state laws will apply, etc.
It may seem “scrooge-like” to plan for the possibility of your newly engaged relationship ending before it’s begun, however consider whether it best to discuss these hard “what if” topics now out of a place of love and clear-mindedness, rather than later out of a place of anger and distrust. Having a conversation about what would happen should the relationship ever end can save a lot of hard earned money by avoiding a long and uncertain divorce process, and rather create a peace of mind knowing that both partners will be protected through a pre-conceived plan, “just in case.”
If you and your significant other are considering whether an antenuptial agreement is the right route for you, please feel free to contact our firm. We would be happy to walk through this important process with you.