Do I really need a prenup?

by | Mar 4, 2020 | divorce, Firm News

“Why would someone want to sign a legal document sealing their fate to get divorced?”

That is a question pointedly asked at the outset of a recent article spotlighting prenuptial agreements. The gist of that piece clearly stresses that, in fact, prenups have no close bearing at all on subsequent marriage life or as a barometer of marital behavior.

In fact, notes the publication Business Insider, evidence exists indicating that a couple’s execution of a premarital contract has virtually “no predictable impact” whatever on their marriage.

What centrally drives a view that prenups are a marriage poisoner is the persistent and ungrounded myths that cling to them, states the Insider. Once pierced, legions of couples more clearly see marital agreements for what they are. Namely, that is a proactive planning tool that can help marrying individuals mutually identify important matters and legally address their handling in a written contract.

We note on our website at the established Illinois Law Office of Mitchell Highlander, LLC that a carefully drafted and tailored prenuptial agreement “will greatly affect how your marital property is divided.”

And it will do so, points out the Insider, in far more instances than cases where the sole objective is “to protect piles and piles of cash” held separately by one partner coming into a marriage.

In fact, a quality prenup can effectively address widely varied concerns of partners. Those span alimony considerations and the handling of debt to the treatment of a business, financial arrangements relevant to children from a former marriage and many additional concerns.

There is no one-size-fits-all prenuptial agreement that commands equal utility in all cases. Every couple is flatly unique, which makes the agreement they fashion narrowly specific to their own circumstances.

A proven family law lawyer can respond to questions or concerns regarding premarital contracts and help a client evaluate whether such an agreement makes sense and can promote key goals.