Prenuptial agreements are often frowned upon and looked at negatively when they’re discussed in the open, but every couple considers going down this route at least once. Many times, the issue is swept under the rug and never talked about, but in some cases, that can come back to haunt the wealthier party when court proceedings strip a significant portion of the wealth they accumulated during the relationship. With that said, before you’re quick to discard the idea of prenuptial agreements, consider the following four scenarios when such an arrangement makes perfect sense.
1. When you’re already wealthy
If you already have a decent amount of wealth and you’ve just met a partner who may or may not be interested in acquiring some of your hard-earned wealth, it may be wise to have prenups on the table as part of the premarital discussion. It can be difficult to bring this topic up without being controversial, but on the other hand, it is a necessary step to take to ensure your spouse-to-be can’t operate based on bad intentions.
2. When you have high ambitions
Even if you don’t currently have lots of money in the bank, if you have goals of someday reaching that level of wealth, you may want to go ahead and safeguard your earnings from the aftermath of a spoiled relationship. Ten years from now, your relationship probably won’t be the same as it is today, and you never know how things might turn out, so it’s always good to have a prenup as a backup just in case things go sour.
3. When you don’t want money to be a factor in the relationship
Regardless of whether you’re wealthy or not, having a prenup pretty much establishes the fact that your wife or husband isn’t trying to “play you for the money.” By eliminating that doubt in your mind, you can be confident that you’ve chosen the right person to marry and for all the right reasons. Plus, if a person is willing to sign a prenuptial agreement, that lets you know they have a good level of commitment to wanting to be with you for the long-term.
4. When you’re the owner of a business
If you already own a business when you’re getting into the relationship, then it makes even more sense to make sure you’re protected from any negative outcomes financially. After all, you don’t even want to leave open the possibility that a spoiled relationship can leave you in a bad situation, further down the line, so a prenup at least takes care of the figures.
You don’t need a specific reason to use a prenuptial agreement
In closing, you don’t really need to have a good reason to ask your significant other to sign a prenuptial agreement. If someone loves you then they should be willing to sign whatever paper is required to make the marriage a reality. When it comes down to it, that’s all it really is anyway – just a piece of paper.