Friday, April 28, 2023

A Prenup Saved Me When My Husband Left. One Could Save You, Too.

Engagement ringWhile most couples preparing for a walk down the aisle might not want to think about the possibility of their marriage ending or ponder the divorce laws in their state, the reality is that many marriages end in divorce. Prenups have long been considered cold and unromantic. However, a prenuptial agreement can save time, money, and emotional pain.

“I now realize you can be a romantic who believes in love and still be smart and make a plan just in case,” said Maria Squitieri of New York.

While a prenuptial agreement gets both parties to disclose their assets and debts, it is also an opportunity to discuss a wide range of possibilities like who might pay the mortgage on a house, how a couple might manage finances in their marriage, or where they might live if the couple has children.

Creating an agreement can vary in price, with the cost typically assumed by the person requesting the agreement. In addition, a separate lawyer is required to review the document, ensuring the other spouse is getting a favorable position. Divorce is hard, but there are ways to ease the transition if the time comes.

For more information see Caitlin Kelly “A Prenup Saved Me When My Husband Left. One Could Save You, Too.” The New York Times, April 21, 2023.

Special thanks to Jerome Borison for bringing this article to my attention.

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