Getting engaged is probably one of the happiest times of your life. After all, you and your soulmate have agreed to make your love for one another official and eternal. No one wants to ruin that happy feeling with talk of a prenuptial agreement.
We see it all the time. In the days and weeks that follow an engagement, the couple can’t stop smiling. The soundtrack from You’ve Got Mail follows them everywhere they go, and doves surround them as they walk to work instead of plain old pigeons.
But eventually, reality sinks in. Getting married will likely cause a significant shift in the couple’s finances. There are bank accounts to merge, bills to sort out, and decisions to make about the future. Perhaps most important, they’re about to share everything they own and have worked hard for.
So, while a prenup might not be the sexiest topic for an engaged couple, here are a few reasons to consider obtaining one.
HOPE FOR THE BEST, PLAN FOR THE WORST
You don’t purchase disability or life insurance because you’re expecting to become disabled or die young. You purchase these policies to provide protection for yourself and your loved ones in case something bad happens to you. The same goes with a prenup! No one goes into a marriage planning to get a divorce (we hope), but you should still prepare for a worst-case scenario.
Prenups force you to have important money discussions with your partner that can bring the two of you closer.
We’ve said this before, but it’s worth repeating: it is super important to have an honest discussion about money with your partner before tying the knot. This poll found that 70% of couples fight about money more than any other issue, even sex!
Drawing up a prenuptial agreement helps you and your partner to gain a clear understanding of your finances with the help of a professional. Talking about your money now can solve a lot of potential problems before they ever begin.
PRENUPS SHOW YOU CARE, NO MATTER WHAT
Going through a divorce can be an incredibly stressful time. If you’re in the midst of it, it can be hard to see things rationally and make smart decisions without emotions getting in the way.
Prenuptial agreements aren’t just about protecting yourself in the event of a divorce. They can also ensure your partner is provided for if things don’t work out. Planning for such a situation while you’re in the right frame of mind shows that you want the best for your partner, no matter what.
PRENUPS AREN’T JUST FOR DIVORCE
The terms of a prenuptial agreement can include other important pieces of financial information, like various insurance policies, bank account access, estate planning, deeds, and how to care for any children you may have.
If you do decide to get a prenuptial agreement, plan to have it completed before invitations go out—at least 5 months before your wedding date. You do NOT want to be sorting out sensitive financial details right before your big day! Trust us, there will be plenty of more exciting things to fret about.
See? Prenups aren’t so bad, after all. They might even help you and your partner build a more secure bond that will last a lifetime. What’s more romantic than that?
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