Prenups have gotten a bad rap.
Most people think they’re only for the wealthy – or for avoiding gold diggers (thanks, Kanye). But truthfully, I think every couple looking to get married should have one. Seriously. Everyone.
Not surprisingly, a recent study found that largely the number one predictor of divorce is having different values about money, among other things. Nobody likes talking about money. It’s not easy. But if you’re going to talk about money with anybody, shouldn’t you be able to talk about it with your soon-to-be-spouse?
Although they may sound scary, prenups are nothing more than a contract between two people who intend to get married. They predominantly cover financial topics like assets and debts, but they can also cover things like what happens if one spouse is unfaithful or who would get the pets in the event of a split.
Most people don’t like to talk about having a prenup because they believe it means you think you’re going to get divorced before you’re even married. I disagree. A prenup is like insurance. You don’t buy insurance because it you think something bad is going to happen. You get insurance just in case. Prenups are for the ‘just in case’. If you live happily ever after, great! You never have to think about your prenup again. But, if things don’t go as planned, you’ve got a safety net to fall back on.
Additionally, having a prenup now can save you thousands of dollars later. Coming to a consensus at the beginning of your relationship is much easier when you’re both level-headed and amicable. Fighting over the coffee pot during a divorce doesn’t help anybody. In fact, the only people who win in a heated, contested divorce are the attorneys. So, take steps now to protect yourself.
Plan for that rainy day that will hopefully never come.
To see what an affordable prenup will cost, check out our prices.
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Lauren Lester is an affordable family law, estate planning, and probate lawyer licensed in Colorado.