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Did you know? The number of premarital agreements signed yearly is on the rise. While more couples are opting to have one of these agreements in place before tying the knot, that does not mean there are no misconceptions surrounding them. In fact, there are many common myths in relation to premarital agreements. Rech Law, P.C. can help dispel these myths, and tell you why a premarital agreement is a good idea.
1. They are Only Useful in the Event of a Divorce.
This is a fairly common misconception when it comes to premarital agreements. While it is true that these documents can help safeguard individuals if a divorce takes place, this is not their only utility. These agreements can help a couple get on the same page in terms of finances and even make steps towards creating an estate plan.
2. They Only Benefit Wealthy Couples.
It is not uncommon for individuals to assume that a premarital agreement will only benefit a couple with a certain amount of wealth. It is important for couples with large combined estates to have a premarital agreement in place, as it can help protect their assets in the event of a divorce. However, individuals of all incomes should consider having this document in place.
3. They are a Sign of a Weak Relationship.
Typically, individuals think of a premarital agreement in the context of a divorce. Why would a happy, stable couple need to have one of these agreements in place? Well, a premarital agreement can actually strengthen a relationship. By getting on the same page as your future spouse before marriage, you can reduce potential arguments further down the road.
4. They are Never Enforced in Court.
While there are times when a premarital agreement is not enforced in the courts, this is not the norm. If it is not enforceable, it is likely due to one party being forced or coerced to sign the agreement. As long as the proper legal procedures and requirements are met, premarital agreements are easily upheld in court.
Strengthen Your Marriage and Safeguard Your Future
As you can see, the common myths surrounding premarital agreements have little foundation in truth. These agreements can immensely help couples prepare for their futures and safeguard their families in the event that a divorce does take place. If you are getting married in the near future and live in the Charlotte area, Rech Law, P.C. can help you draft a legally sound premarital agreement.
Have questions about premarital agreements? Reach us at (704) 659-0007.