Many people consider pre-nuptial agreements unromantic, but probably wouldn’t say so if they divorced and found their assets seriously diminished. Whether or not you have a lot of money, a pre-nuptial agreement is something to consider if you want to protect yourself, your reputation and your assets if your marriage isn’t successful.
Divorce Settlements and Assets
If you and your partner are not financially equal, you may wish to protect your side. It is common for divorce settlements to add together the total amount you and your partner earn and split it fifty-fifty. They don’t generally take into account the fact you were highly successful before the marriage while your partner was exploring his creative side. It won’t seem fair that half of what you’ve earned through your hard work will disappear into your partner’s bank account overnight.
A divorce can cripple you financially and leave you unable to pay a mortgage or being forced to sell assets in order to get by. A pre-nuptial agreement works as a safeguard to protect you for the long-term if things don’t go as planned. It may not be romantic, but it’s certainly practical if you have something to protect and don’t want to face financial devastation later on.