With apologies to Neal Sedaka, breaking up is NOT hard to do. In the United States in the 21st Century, it's incredibly easy. So easy, in fact, that 5 out of every 10 first marriages last a paltry 6.3 years before ending up in divorce court. Second marriages don't even fare that well.
But the pain of divorce doesn't end at the emotional side (if only it did!). Divorce is costly. And depending on the laws in your state (or country), it could be financially devastating. Ask anyone who has been through at least one divorce, and you'll likely get an earful. The court's opinion of "fair and equitable distribution" probably isn't quite what they had in mind.
If you're thinking about marriage, you need to face facts: Like it or not, there's a better than average chance that something other than death will do you part. And if it does, do you really want the courts in your state to decide what is "fair and equitable?"
Divorce doesn't have to be 'messy'
We know divorce is stressful enough, but it doesn't have to be financially crippling, too. There are steps you can take to protect yourself. If you've have assets that are worth some significant money (and you've probably got more than you think), you should consider a prenuptial agreement as a precaution.
We've all read the stories about people going through a 'messy divorce.' The reason divorce becomes messy is because the divorcing spouses can't agree on who gets what. So guess who gets to decide - the courts.
What is a Prenuptial Agreement, Really?
A prenuptial or antenuptial agreement is a document signed by two people who intend to be married, defining their rights and obligations if and when they get divorced. A properly drafted prenuptial agreement informs the court how they want their assets and property divided up.
A prenuptial agreement takes your state's divorce laws out of the picture for the property covered by the body of the prenuptial agreement. This is a good thing. If you let state-appointed judge decide what is "fair and equitable" distribution of marital property, trust me - you will not like the result.
However, before deciding whether you are a candidate for a prenuptial agreement, you should understand exactly what a prenuptial agreement is and what it can and can not do for you. And that's why this web site exists.
A Prenuptial Agreement Is Like An Insurance Policy
Why do you have insurance? You're not planning on having any accidents, but in case you do, you want to make sure it doesn't devastate you financially. A Prenuptial Agreement is no different. You're not planning on getting a divorce, but accidents do happen, and you need to protect yourself...just in case.
|"Remember when you held me tight
And you kissed me all through the night
Think of all that we've been through
Breaking Up Is Hard To Do"
-lyrics from 'Breaking Up Is Hard To Do' by Neil Sedaka