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The potential pitfalls of prenup discussions

Arguably, the biggest wedding of the year will take place this weekend when Pippa Middleton marries her longtime beau.  Indeed, we don’t seen as many billionaire/millionaire marriages as we have in years past, but this story makes us wonder whether prenuptial agreements (and postnuptial agreements, for that matter) really affect people’s attitudes towards marriage.

For this post, we will explore some of the potential questions and pitfalls that can come out of prenup discussions.

Financial literacy - With financial discord being one of the primary reasons for divorce, it is a good idea to talk to your future spouse about how finances will be handled during the marriage. Introducing a prenup may not the most romantic (or tactful) way of broaching that topic, but when done correctly, it could set reasonable expectations for financial responsibility, and eliminate a potential issue that can plague your relationship.

Dealing with doubts - With any sensitive issue, timing is the key. Discussing prenups (unfortunately) brings about the specter that the relationship could end badly. This can uncover other problems and trust issues that can sabotage the relationship. To avoid these doubts, it is a good idea to discuss it long before the wedding. Of course, asking for a prenup just after a proposal is in bad taste (just like asking for one right before the wedding), but there should be a time to have genuine discussions about whether a prenup is right for you.

If you have questions about prenuptial agreements, an experienced family law attorney can help.

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