3 common misconceptions about prenuptial agreements

Couples often invest a lot of time into planning their special wedding day. However, occasionally partners will choose not to plan for the possibility that the marriage does not work out. 

Frequently, planning for the event that a marriage breaks down is viewed in a negative light. However, in reality, having plans in place can actually result in a couple feeling more secure in their marriage. 

Prenuptial agreements are just one means of helping couples avoid lengthy litigation in the event that the marriage does not work out. There are many myths in circulation about prenuptial agreements which are important to challenge. Outlined below are three common misconceptions about prenuptial agreements:

1. Prenups are only for wealthy couples.

It is commonly thought that prenups only apply to couples with vast amounts of money and assets. However, this is not the case. Prenups can benefit anyone who has assets they would like to protect. For example, a prenup can protect the family home, investments and also sentimental items. 

2. A prenup means you expect the relationship to fail.

Another common misconception is that having a prenup is somehow an indication of an unstable relationship. In reality, the opposite is often true. Prenups can provide spouses with a sense of stability and security. Furthermore, prenups can often negate conflicts over finances. 

3. Prenups will not hold up in court.

People often form the impression that prenups will not be given weight in the courts. Nonetheless, prenups are important legal documents. However, it is important that they are in written form, include full disclosure, are fair to both parties and are executed before the marriage commences. 

Separating truth from reality in relation to prenups could be in your best interests. If your marriage does falter, a prenup can help protect your property rights.