Prenuptial agreement myths in California

People usually make excuses when they are hesitating to do something that might have a good or bad effect on their lives. This procrastination rings true when it comes to considering a prenuptial agreement. California couples should assume a positive mindset about creating a prenuptial agreement because it will help smooth the way to an easier divorce, if one should occur.

A prenuptial agreement is considered a back-up plan or a marital contract that secures the financial stability of a person in the event of separation or divorce. However, most people today believe different superstitions about this contract. Some say that drafting a prenuptial agreement is like a bad omen that divorce is expected. Some say that a prenuptial agreement indicates that couple does not trust or love one another enough.

Yes, discussing separate money, assets and properties while two individuals are preparing to join together in matrimony may seem offensive and unromantic. However, it is a significant legal instrument for if-or-when the marriage goes downhill.

Secondly, many individuals think that only celebrities and affluent people need a prenuptial agreement — which is not true. Whether a person is a millionaire hedge funder or a minimum-wage earner, divorce puts personal items and other assets at stake and up for division between the divorcing parties. Without a prenuptial agreement, the other party may claim rights to an asset, even if it’s the beloved pet or a family heirloom. Additionally, an individual may be liable for a partner’s debt if they married without a prenuptial agreement.

If two people love and are committed to each other in truth and reality, a prenuptial agreement should not alter that. However, the point of having a prenuptial agreement is to protect one party’s interests and rights in both marriage and divorce.

Source: Your Tango, “Debunking 8 Common Prenup Myths,” Accessed on Nov. 10, 2014