Engaged couples in Washington have a lot on their minds, among the wedding, honeymoon and making a home together. However, one of the most important considerations is a prenuptial agreement, and there are numerous mistakes couples make in regard to this partnership contract.
According to Fox Business, a prenup is an agreement designed to decide on who gets to keep or give up assets/debts in the event of divorce. This agreement is especially popular for blended families, subsequent marriages and business owners, but it is also important for other couples. Some of the common mistakes partners make include:
- They are fearful: whether they are afraid to discuss debt, they do not want to hurt the other’s feelings or they worry what others will think, some avoid signing one or even discussing it
- They do it quickly: according to The Knot, some put off talking about it until a few weeks before the wedding, which does not give them the time necessary before they sign it
- They do not agree with it: neither partner should sign a prenup if there are conditions they do not agree with or find unfair
- They use the same representation: it is important each partner hire their own attorneys to make sure their interests are properly represented and negotiated
Experts recommend that once the couple signs an agreed-upon prenup, they should both file it away and forget about it. Hopefully, there will not be a need for it, and the couple should focus on spending a happy and fulfilling life together.