Getting a prenuptial agreement prepared is not a piece of cake. You should be aware of all the pros and cons before jumping on the bandwagon. It’s an intimidating decision and requires attention to detail. Since there are two parties involved in the process; therefore, it’s important to have them both on the same page before drafting a prenuptial agreement.
If you’re weighing your options of getting a prenup or not, then here are the pros and cons that you need to consider.
Pros of a Prenuptial Agreement
While some people consider a prenup as a wealthy fiancé’s approach to protecting their assets, it offers much more than that. Here’s a list of benefits that you can enjoy from a prenup.
- A prenuptial agreement protects your assets. It gives the couple the freedom to decide who will receive what from their assets if there’s a divorce. It’s an excellent way to secure your assets in the long term if the relationship goes down the hill.
- A prenuptial agreement secures children in the process. It’s a simple document, but it helps you leave something for your children in case of a sudden demise.
- An agreement like this further protects the person’s business rights and assets. With a prenup, you don’t have to worry about losing your business if the marriage ends.
Cons of a Prenuptial Agreement
Apart from plenty of benefits of a prenup, there are still some demerits that might lead you to think twice. Here are a few of them.
Planning to get a prenup gives the person an idea as if the marriage is expected to end. This agreement can make many couples wonder if they are in the game for the long haul or not.- The second most prominent demerit of a prenup is that it ruins the romance between the couple. A prenup is all about preparing for a divorce, which can lead people to think that their vows at the altar might not be so true.
- One of the marriage breaker demerits of a prenup is its sense of distrust. It can hurt the other person’s feelings in the process and can lead them to behave differently. In short, it will break the marriage before you know it.
Hire an Expert Lawyer to Draft a Prenup
Preparing a prenup is not as simple as it sounds, which is why you should opt for professional help. We are here to help you draft a flawless prenup with zero errors. The experts in our team are also well-known Canadian immigration lawyers. We offer a free online consultation as well, so fix your spot today.
Disclaimer: This article is only intended for educational purposes and shouldn’t be used as a substitute for legal advice.
