Getting married soon? You might want to think about a prenup. While many people think that prenuptial agreements are only for the wealthy, many couples can benefit from signing such a contract. Prenups can help you avoid lengthy divorce arguments, clarify your financial rights, protect you from your partner’s debts, or protect property and children from prior marriages.
Asking your partner for a prenuptial agreement isn’t easy. For many individuals, it’s a sensitive topic that requires some heavy conversation. Here are some tips on how to ask your partner for a prenup that won’t have them asking you to give their ring back.
Explain Your Reasons
There are many reasons to enter into a prenuptial agreement. Consider a prenup as a tool to protect your financial position in the marriage, much the same way you buy insurance to protect your other financial assets, like your car or house. You and your partner aren’t planning for an accident to happen, but you are putting a plan in place to protect yourselves should the worst happen.
Collaborate With Each Other
A prenuptial agreement needs to represent the interests of both parties. Regardless of the assets of each partner, enter prenup talks with an open mind and a desire for fairness. A prenup negotiation should not have one partner leaving as the winner. Work through issues together and discuss your feelings openly.
Discuss Early and Often
Financial discussions can be quite emotional. Waiting until the last minute to discuss the terms of your prenuptial contract will only add more stress to the conversations. Even if you aren’t sure that you want a prenup, it’s a good idea to start talking about it with your partner. You can even start talking about your desire for a prenup while you are dating, before you get engaged. Communication is key to a successful relationship, so start practicing by telling your partner early that you are considering a prenup.
Making decisions about the division of assets while you are in love and calm can result in the best outcome for both parties. It’s a way to show your respect for one other by ensuring both are treated as fairly as possible.
More and more couples are choosing to sign a prenup before their wedding day. While a prenuptial agreement isn’t right for everyone, it might be right for you and your partner. Consider these tips when asking your partner about a prenuptial agreement.