A prenuptial agreement is a contract that an engaged couple enters before marriage. Traditionally created with the help of a lawyer, prenups protect people from financial turmoil as a result of divorce. While these agreements are helpful, many people hesitate to sign them because of the following misconceptions. 

What Are Some Falsehoods About Prenups?

1. Prenups Are Only for Rich People

Since prenups are meant to protect each spouse’s property and assets, couples who aren’t wealthy often think they don’t need a prenup. However, the agreement offers numerous forms of security for couples of any income level.

For instance, if one spouse quits their job to care for children, a prenup can establish what financial support that spouse will receive in case of divorce. In addition, it can establish who’s responsible for any debt incurred throughout the marriage. 

2. Signing a Prenup Means You’re Not Committed to Your Partner 

Many people assume prenups aren’t necessary for couples who intend to stay together forever. However, signing one doesn’t mean you’re not committed to your partner. It means you care for each other enough to ensure you’ll both be financially secure in case the marriage doesn’t go as planned. 

It helps to view a prenup as a type of insurance. Having health or car insurance doesn’t mean you expect to have a health crisis or get into a car accident.

Likewise, signing a prenup doesn’t mean you expect to get divorced. It’s simply a form of protection for the worst-case scenario. 

3. Couples Can Draft Prenups on Their Own

Because drafting a prenup can seem unromantic, many couples want to get it over with as quickly as possible. More specifically, they might not want to take the time to get help from a lawyer. However, only an attorney can ensure that the prenup will be legally enforceable. If you draft the contract without consulting a legal professional, the court will likely find the document invalid. 

To create a prenup that protects both you and your future spouse, contact The Finkelstein Law Firm in Goshen, NY. These dedicated lawyers have been helping couples draft effective prenuptial agreements for over 20 years. Learn more about their comprehensive services online, or call (845) 294-9003 to schedule a consultation.