What are the real benefits of premarital agreements?
Those who work hard to build wealth and success are often naturally protective of their assets. After all, it can be tough to shake the worry that someone will try to take advantage of your prosperity.
For most, love and marriage are supposed to last forever, but as you know, some relationships just cannot survive. If you are planning to marry, do not rule out a prenuptial agreement merely because you trust your future spouse. Instead, introduce them to the potential advantages a marital agreement can offer you both.
Improves financial communications
Money matters are so hard to talk about, even between intimate partners. Starting a conversation about premarital agreements may open the door to a dialog addressing the economic concerns everyone has but rarely discusses.
It can inspire you both to get your worries out in the open and then ensure the prenup contains provisions to address them. That can set the ground for open and honest financial conversations throughout the marriage.
Relieves divorce anxiety
Those with a higher net worth find that a prenuptial agreement relieved many concerns, including anxiety about the possibility that their marriage will end. Contrary to common belief, the less wealthy party usually feels more secure about a possible divorce after signing a prenup.
Since you may address property division in California prenuptial agreements, your future spouse might feel better knowing arrangements are in place.
A wise next step for those still unsure about getting a premarital agreement is to learn more about them. When you understand what it can and cannot do, you will see it more as a marriage preservation tool than a divorce weapon.