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Postnuptial Agreements: Who Needs Them And Why?
A wedding is an exciting time. There’s beautiful flowers, dresses, and celebrations. The couple vows to a lifetime of love, respect, and commitment to one another.
When they enter into their life together, they’re happy and content, and they never expect that to change. But they can’t predict the future.
Unfortunately, people fall ill, incur a disability, and die every day. The divorce rate is almost 50%. Though painful to think about, these things can and do happen.
If one partner in a marriage is at a financial disadvantage, they could face more than the emotional suffering. They could face financial hardship too.
It’s never easy to have a conversation about your relationship ending. But it’s far better to have the conversation when you’re both happy, healthy and on the same page.
Like it or not, when you marry, you also enter into an economic relationship. It’s hard enough to talk about your marriage ending. But it’s even more difficult to discuss when it has to do with money.
Yet, no matter what your situation, you need to discuss what would happen, financially and otherwise, if your relationship were to end.
