VeryUQ: Should I sign a prenup?

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The tide is certainly turning when it comes to prenuptial agreements with more and more millennials seeking counsel before they say, “I do.” But how should you navigate this tricky subject, and when is the right time to discuss it? Don’t worry, I’ve got you covered!

In what situations does it make sense to seek a prenup?

Signing a prenuptial agreement is a major step in any relationship. It should be reserved for those who are business owners, parents, owners of large amounts of pre-marital debt or those with a substantial amount of money.

Are there consequences to be aware of?

If you or your partner have not previously discussed the need and/or desire for a prenup, the topic might not be welcomed with opened arms. Prenups are seen as protection for the demise of the relationship, and most couples on the verge of marriage don’t warm up to talks of divorce.

The consequences of asking your partner to sign a prenup will vary, but you risk alienating your partner, creating conflict, or losing the love of your life altogether.

Don’t just drop a contract on their lap without notice. Discuss the concept of the prenup before you hire an attorney so that you and your partner are fully prepared for the next phase in the process.

What if my partner doesn’t want to sign a prenup?

You can’t force your partner to sign a prenup. You can broach the subject in advance, but in the end, the decision to actually sign the paperwork is up to them.

Should your partner opt-out of the agreement, some hard decisions will have to be made. Either take your chances and roll the dice (you’ll live happily ever-after with no need to exercise the terms), or take a stand and risk a break-up. Just be aware that the outcome might not be what you want.

What if my partner is the one asking me to sign a prenup?

If your partner has asked you to sign a prenup, don’t rush into signing just because they want you to. Instead, weigh your options by speaking with an attorney. Prenups are legal documents that require legal savvy to navigate, but more importantly, you must determine if you will be happy with the terms of the agreement.

No one wants to talk about the end of a relationship, but simply talking about the end doesn’t mean it will be. So here’s the question, would you sign a prenup? We want to hear from you.

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