Unfortunately, there is a large stigma surrounding prenuptial agreements due to how they are portrayed through television and movies. Despite the benefits, you may have a predisposition against these documents because of their negative stigma. If you’ve only ever heard the myths about prenuptial agreements, the following blog is crucial. You’ll discover the reality behind these documents and how Los Angeles prenuptial agreement attorneys can help ensure you and your spouse are treated fairly when establishing an agreement. Keep reading to learn why many couples create a prenup before marriage.
What Is a Prenuptial Agreement?
A prenuptial agreement, or prenup, is an arrangement a couple will create before they are legally married. This details how they will divide assets in the event they divorce. Because California is a community property state, if a couple cannot agree when splitting their property, the courts will distribute them evenly, regardless of how much each spouse contributed to the marriage.
For example, if one spouse owns a successful business or has a well-paying job, they may want a prenuptial agreement to protect their assets should they go through a divorce.
What Are the Truths Behind the Myths About Prenuptial Agreements?
Unfortunately, given the nature of these documents, there are many misconceptions surrounding them.
One of the most common myths about prenups is that only wealthy couples can benefit from having one. This is untrue, as all couples can benefit, regardless of how much money they have or make. This is because it can help ensure you protect your hard-earned money while making the divorce process simpler, should it occur.
Most people assume that prenuptial agreements indicate a marriage bound to fail, as there’s no reason to think about divorce before being married. However, a prenuptial agreement shows signs that communication between spouses is strong. Not only does it force you to disclose all of your finances, but you and your spouse will work together to ensure the prenup is fair. Plus, it helps guarantee you and your spouse are both on the same page in relation to your finances.
Finally, many assume the courts don’t actually take these documents into consideration, which is entirely untrue. These documents, assuming they are completed correctly, are legally binding. As such, the courts must take them into consideration.
How Can an Attorney Help Me?
If you and your fiance are engaged, determining whether or not a prenuptial agreement is something you can benefit from, regardless of your income.
In the event you and your fiance decide a prenuptial agreement is best for your needs, ensuring you have an attorney to help you draft this document is crucial. Not only does this ensure everything is legally binding, but it helps protect your best interest and that of your spouse.
At the Zitser Family Law Group, we understand how complex these matters can be. Our team has experience creating prenups for complicated and complex assets. As such, we can help you navigate this confusing legal matter. Contact us today to learn how we can assist you.