Biggest Prenup Mistakes You Can Avoid

Biggest Prenup Mistakes You Can Avoid

June 21, 2017

Mistake 1: You don't talk to your spouse about it because it's viewed as unromantic, or cynical.

One of the most important decisions you will make during the pre-wedding process is whether to sign a prenup. Don't feel like you have to tiptoe around tthis subject just because it's not as fun as discussing your honeymoon. Well after your wedding is over, you may regret not talking about it earlier on.

A lot of people don't like to talk about prenups, they feel it's not romantic, so they're afraid to have the conversation. But a big mistake is not having the conversation early enough. It should be spoken about early and often. This is not an issue that you want to be dealing with on the eve of your wedding.

It's important to be open about your finances. Couples communicate about all sorts of things, like religion and children, so it's important to also discuss how they want to handle finances during their marriage,Prenups aren't romantic, but it's a very important discussion to have. It's being smart with your money. Protect yourself and your spouse.

Mistake 2: You have the same lawyer or no lawyer.

"Do it yourself" is great... when you are working on your new home. When it comes to signing a binding legal document, you should be using a lawyer, and hopefully your spouse will have one too.

A prenuptial agreement is only as strong as the person who drafts its terms. In most cases, a prenup will be stronger if two lawyers represents either spouse.

Mistake 3: You let your emotions get in the way of negotiating.

If you get upset while discussing, take a few weeks to communicate and think clearly about what's best for you and your partner. Talking to a Prenupta expert together could also help with issues that you're having about the prenup.

Just like a romantic partnership, a marriage is a financial partnership. A prenuptial agreement is a business transaction within your marriage, so just like any other financial discussion, try to put your emotions aside and think clearly.



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