Pros And Cons Prenuptial Agreement
Prenuptial agreements can have both advantages and disadvantages for the couple. The negative effects include both legal and psychological issues. It is recommended to consider the pros and cons of a prenuptial agreement before signing one. |
There are many pros of prenuptial agreement. Most importantly, one should understand that a prenuptial marriage agreement does not mean that a couple is anticipating divorce. If one’s future spouse refuses to sign a prenuptial marriage agreement, it may be best to find out before the wedding as financial matters need to be discussed before entering a marital bond.
Prenuptial agreements can help preserve family ties and inheritance. In addition, a prenuptial marriage agreement spells out which assets a spouse may want to give to children or other family members in the event of death. It also helps to discuss the financial expectations from each other before the wedding. In the event of a divorce, this agreement eliminates ugly disputes over assets and finances and personal and business assets accumulated before your marriage is protected.
Likewise, there are several cons of prenuptial agreement. Agreeing to a prenuptial agreement may irrevocably corrode your marriage and has the potential to make divorce much more likely. The two parties negotiating a prenuptial agreement do not normally have equal bargaining power, so the agreement tends to be coercive and lacking in just and corresponding consideration. Also, it often indemnifies the relationship between the two families-of-origin. The requisites of such an agreement are often rather iniquitous at the time of divorce, even though they are generally enforced by a court. A prenuptial marriage agreement makes it seem like there is a lack of a life-time commitment to one another.
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