Sign a prenup, because it will protect you as well. If you decide to have a prenup put your financial cards on the table. Create a solid base for your relationship

Sign a Prenup, Dont You Love Me!

Dont be insulted, if your future partner insists you sign a prenup, because it will protect you as well.
 
You are anticipating the big day, its not about money, its about love and out of nowhere, you are asked to sign a prenuptial agreement.
 
You dont want to make an issue of it; youre a person of reason and logic, and realize your future mates family is putting the squeeze on him. But the very idea of being asked to do this has left you confused and upset.
 
You want to be considerate but you feel the pressure coming from your future in-laws. They are in a position where they want to protect their assets and you dont have much to protect.
 
Your fiance and his family have more money. But when you met your fiance money wasnt a factor and not your reason to take the relationship to the next level. Money wouldnt keep you there. Be reasonable.
 
Youre not marrying a control freak, so the prenup should not be a problem. You cant control everything, but the prenup can be crafted to be advantageous to you.
 
Create A Solid Base for Your Relationship
 
To begin with its a chance (If you decide to have a prenup) for you and your future mate to put your financial cards on the table, which is very prudent. Its good to know what will be expected in real terms, not just in your mind. Marriage is a joining of two people in a social and financial agreement.
 
For the most part unless you or your future mate are wealthy, economic concerns are rarely brought up because of the fear of offending the other. This is a terrible error in judgement and can cause unreversible problems in the future.
 
To create a great partnership you will need to sit down and draw up a plan that will be the foundation of understanding between you and your future spouse. The Prenuptial Agreement should be something you can both happily live with. It needs to be fair and be able to stand the test of time.
 
If you both get what you need (Not Necessarily What You Want) you have a successful prenup. Both parties have a responsibility to contribute to the final prenup. The one with the greater financial assets does not rule. If they do, it will cause resentment and result in a weak foundation to what you hope is a lifelong relationship.
 
The point is consideration, based on fairness and not greed. Each person has needs that must be addressed.
 
Boost up Your Financial Position
 
Even if you are not the one with the greatest assets the prenup can protect you as well and not leave you out in the cold.
 
It actually can be a way to put you in a better financial position. So discuss and negotiate what your position should be. When someone loves you and wants to marry you, could you ever be in a stronger position for generosity. Its an opportunity to make a great deal. If you get a divorce and you dont have a prenup your once great love will not be in a generous mood and want to give you as little as possible. Your position should be to try to get more then the law would allow without a prenup.
 
In a great majority of couples the wealthy partner will cover living expenses. The person with the least money or earnings usually gets to keep their assets in their own account to do with as they wish.
 
From the very beginning of the marriage there could be an outright transfer of money or assets. Usually increasing as the years go by. This is a form of protection if the wealthy spouse dies first. Certainly your new mate will want to protect you in the event of their death.
 
There are differences and variations in prenups as there are in people. Everyone has to customize their agreement to meet their specific needs. You must respect each other above all to work out the best possible prenuptial agreement.
 
Will A Prenup Override Your State Law
 
Wont the state laws alone protect you, in the event of death, divorce or terminal illness? Surely the state will be fair? Why do I need it now? Experts in this area claim you and your partner will never be at a point when generosity and fairness will have a stronger position, considering that you are in love. If for some unfortunate reason you wind up in divorce court things will be very different.
 
If your partner dies the state cannot protect you. If your wealthy spouses family does not want to be generous or guarantee you security, there is no law that can protect you. They are not obligated to treat you as your spouse would if he/she was alive.
 
Educate yourself specifically to laws governing marriage where you live and find out if there is any protection. When you get married without a prenuptial agreement you are voluntarily agreeing to the laws of the state you live in. So ignorance or fear of dealing with this issue can be very costly.
 
Most states are equitable distribution states where the laws of the state will consider what each partner contributed financially to the marriage and if divorce occurs assets are divided according to your contribution. It may be approximately 50-50 split, but not necessarily. It would be a good idea to establish this from the beginning. If one of you are planning to stay home and take care of the kids make it clear that there will be a 50-50 split, if divorce happens.
 
For the most part assets or inheritances brought into the marriage are not considered joint assets. But the day you get married the clock starts ticking. So if you marry a wealthy person who doesnt work, cant work for any reason, there may not be much of a contribution to your personal account, if any. In the final scene you could be shut out with nothing. Could there ever be a stronger reason for a prenup!
 
Dont let the state decide for you. Their interests are different then yours. When you have a prenup you and your future mate have decided what you want and they are very different from what state law may or may not give you. If divorce comes you may not be happy, but you will be protected with a prenup.
 
Most importantly Get Legal Advice
 
You must each have your own lawyer to represent your personal interests.
 
Any attorney will not do. Find a lawyer who specializes in this area. It will be more expensive, but worth every dime. Look for someone with a lot of experience and not someone right of law school. You wouldnt want to be a new surgeons first operation.
 
Its a trust building process and you dont want it to be adversarial. Dont go into this with "what I can I get if things fall apart". Its an opportunity for bonding.
 
Remember youre getting married, and youre in love! And thats Wonderful! Just cover you assets!

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