While the thought of preparing for divorce before your Big Day is far from romantic, all soon-to-be-married couples should consider getting a prenup. Signing a prenuptial protects the more financially stable partner from being financially devastated in the event of a breakup. It also makes the entire divorce process go a lot smoother.
Here are the top four reasons why getting a prenup is a good idea for all couples — no matter what your income.
HALF OF ALL MARRIED COUPLES GET DIVORCES
While you may not think it could ever happen to you, statistics say otherwise. Half of all marriages end in divorce, so you should hope for the best but still plan for the worst.
DIVORCE LAWYERS ARE EXPENSIVE
Hiring attorneys to battle for spousal support, divide assets, etc. can be extremely costly. Having detailed legal paperwork signed by both parties can make the divorce process a lot smoother and save both parties a lot on avoidable legal fees.
DIVORCE ITSELF IS EXPENSIVE
Divorces can ruin a person financially. If you lose the divorce battle, it could not only drain you of your finances, but also ruin your credit. You are allowed to protect yourself and enter into a marriage smartly.
IT ENDS THINGS MORE AMICABLY
Not only will you avoid a long, drawn-out battle in court, but it also eliminates a lot of the stress, arguing, and bitterness that divorce settlements can cause. Having a prenup in place might actually allow you to end your marriage amicably. If both partners can walk away unscathed and relatively healthy, that's a win for everyone involved.
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