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What are common mistakes in the way people approach prenups?

Prenuptial agreements give you and your significant other a chance to protect yourselves if you eventually wind up getting divorced. Both of you can ensure that your assets actually stay in your hands.

However, people often make mistakes in the way that they approach prenups, and these can be costly. Below are a few common examples of mistakes that you should avoid.

1. They don’t consider them at all.

You may be nervous to ask your significant other about a prenup, even if you know it’s legally in your best interests. You feel awkward. It’s not a romantic subject.

2. They just try to end the negotiations quickly.

The prenup talks are causing some strain in your relationship. You just want them to end. You decide to just agree to whatever your significant other asks for to end those talks, even if what you agree to isn’t fair and you suspect you’ll regret it later.

3. They only think emotionally.

You can’t be emotional with a prenup. You have to be logical and rational. Separate the romantic side of your marriage from the legal side.

4. They can’t forget about the prenup.

Some experts say that, once you’ve both agreed and filed that agreement, you’re really best off to forget about it. After all, you’re hoping you won’t need it. Don’t let its mere existence cause future stress because you can’t stop thinking about it.

A prenup, while not for everyone, may be very helpful. If you’re considering one, absolutely take the time to understand the process and your own legal rights.

Source: The Knot, “Prenuptial Agreement Sample Form and 5 Mistakes to Avoid,” accessed June 23, 2017

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