Myths About Prenups

Common Myths About Premarital Agreements

If you’re considering a premarital agreement, you have likely heard rumors or myths about what goes into it. A premarital agreement, also known as a prenuptial agreement is a contract entered into by engaged partners before getting married.

Misconceptions about premarital agreements can cause you to miss an opportunity to protect yourself in the future. We want to provide you with factual information about premarital agreements so that you can make a confident decision about whether or not you want to ask your partner to get one.

Myth #1: Premarital Agreements are For Wealthy Couples

This is one of the biggest misconceptions about premarital agreements. While they are used between wealthy couples like celebrities, millionaires, and people who come from large, wealthy families, they’re not just for the well-off.

Couples in any financial circumstance may get a premarital agreement.

Myth #2: Premarital Agreements are Only for If You Get Divorced

It’s true that most premarital agreements are only made on a “just in case” basis for divorce. However, they can also be made as a precaution in case something unexpected happens to one of you.

You can come to an agreement about several issues that would need to be addressed, for example:

• What will happen to your children if they’re from a previous marriage.

• What will you decide to do if you or your partner becomes disabled?

• What will you inherit from your spouse if something happens to them?

• What your children will inherit from you or your spouse if something happens to either of you.