Although “prenuptial agreement” is a well-known phrase that many people have heard, there is a great deal of confusion about what it means. Often, it comes up in TV shows portraying a couple about to get married when suddenly the wealthy fiance’s family issues an ultimatum, telling the other fiance to sign the prenup “or else.”
Thankfully, the truth can be far less dramatic. Prenuptial agreements are practical documents that act like a contract, where both fiances are given a clear understanding of how financial matters will be handled in their marriage and in the hypothetical event of a future divorce. If you are wondering whether a prenuptial agreement is a good idea for you, contact a knowledgeable Wheaton, IL family law attorney to learn more.
The Benefits of a Prenup
One main reason people sign a prenup is the peace of mind it provides by dispelling the misconception that they will end up with nothing in a divorce. Married couples often merge their finances to some degree.