Prenuptial Agreements: Before or After Engagement?
When two people decide to tie the knot, the last thing on their minds is usually divorce. However, it`s important to consider the possibility of legal separation and take steps to protect your assets. One way to do this is by signing a prenuptial agreement.
If you`re considering a prenup, the first question that comes to mind is when to sign it. Should it be before or after engagement? Here`s a breakdown of the pros and cons of each option.
Before Engagement
Pros:
1) Starting the conversation early: Discussing a prenuptial agreement before engagement allows you to have an open and honest conversation about your financial expectations. It`s better to have this conversation early on, rather than later when emotions are high.
2) A clearer understanding of each other`s finances: By going through the prenup process before engagement, you`ll have a clearer understanding of each other`s assets, debts, and income. This can lead to a stronger foundation for the relationship.
3) A smoother process: If you`re able to come to an agreement on a prenup before engagement, the process of planning and executing your wedding will be smoother without that extra weight on your mind.
Cons:
1) Awkward conversation starter: Bringing up a prenup before engagement can be an awkward conversation starter, which may lead to hurt feelings.
2) A longer timeline to sign the agreement: If you choose to go through the prenup process before engagement, it may take longer to sign the agreement and could delay the proposal.
After Engagement
Pros:
1) Easier conversation starter: After engagement, talking about a prenuptial agreement may be an easier conversation. You`ve already made the commitment to each other, and it`s just a matter of protecting your assets.
2) Faster timeline to sign the agreement: Once you`re engaged, you can start the process of signing the prenup. This can allow for a faster timeline and can speed up the wedding planning process.
Cons:
1) Emotional attachment to the planning process: After engagement, the couple may already have an emotional attachment to the wedding planning process and the prenup discussion may lead to stress and tension.
2) Limited room for negotiation: If you`re already engaged, it may be harder to negotiate terms in the prenup as emotional attachment and other factors could impact a potential resolution.
So, when should you sign a prenup? Ultimately, it`s up to you – the couple. It`s important to weigh the pros and cons of each option and choose the one that feels most comfortable for you. Regardless of when you sign the agreement, having a prenup in place can provide peace of mind and protection for both parties.