Are prenuptial marriage agreements a death knell for romance? Or are prenuptial agreements practical solutions to dealing with the problematic topic of finances in a marriage?
More couples are signing prenuptial marriage agreements before they marry. These are not just couples dealing with financial inequality or couples who have a lot of wealth. These are couples who want to put all their financial cards on the table before they walk down the aisle. A prenuptial marriage agreement is a legal document that spells out the financial aspects of their marriage. Having this honest financial discussion prior to a wedding ceremony can be a very positive experience.
While a prenuptial agreement does not mean a couple is anticipating divorce, there are emotional issues to be worked out during this process. By utilizing professional mediation, the couple does not have to go into this process resentful or angry. Both parties have the ability to protect assets accumulated prior to marriage.
Through mediation, the pros and cons of having a prenuptial agreement can be explored and the agreement will be written with the best interests of both parties. It can also be used to protect financial interests of children from previous relationships and children from the current relationship.
As a professional mediator, I can work with you and your partner to fully understand the ramifications and process of prenuptials and help you prepare the details of your agreement before you visit your respective attorneys.
IMPORTANT FACTS TO REMEMBER:
If you are considering having a prenuptial agreement, it is important to remember these things:
- Discuss the agreement early in the relationship. Don’t wait till you’re ready to walk down the aisle.
- Be honest. Don’t try to hide your thoughts, feelings or assets.
- Hire separate attorneys to insure you both have good representation.