Prenuptial or premarital agreements (also knowns as “prenups”) have been given a bad rap. They are seen as something that only people with a ton of money should get or, even worse, as an omen for divorce. It’s time to bust those two myths! Basically, a prenup is an agreement that a couple makes before getting married that determines how they will split their stuff if they get divorced. “Stuff” is pretty broad in this sense – you can include alimony, the house, debt, and even decide who gets the dog. The main issue that cannot be decided in a prenup is child custody and child support for children who have not been born yet (but that’s a topic for a different post!).
So, how do you bring this up to your significant other? Because prenups are usually associated with divorce you may be worried that suggesting one to your partner will make it sound like you aren’t fully invested in the relationship or that you’re going in expecting the worst. Because of the negativity associated with prenups, you should bring it up to your partner sooner rather than later. Instead of approaching the topic with fear, try and think of it in a positive way – it gives you a chance to have an open and honest conversation regarding finances. People don’t like talking about money! That’s probably why a recent study revealed that fights about money are the second leading cause of divorce. By broaching the subject early, you’re opening the door to avoid those issues, whether you decide to get a prenup or not.