Here's the thing: no one spouse as the breadwinner really likes the
idea of the one and only prenuptial agreement, an agreement establishing
that the spouse must essentially 'share' liabilities and assets
with the other in the event of a divorce. After all, if it just so happens
that a divorce occurs, and you're a businessperson with over $100K
in assets, guess what – you have to, most likely, surrender half
of that to the other who never lifted a finger to make that sort of living.
No matter how you look at it, though, a prenuptial agreement is essential
to ensure not only that there's fairness and equity between both parties,
but more importantly, that if there are children present in the issue,
the children are sufficiently provided for. A prenuptial agreement isn't
about one spouse ensuring that nothing bad happens in the event of a divorce.
An agreement has to be made
just in case anything does happen, and for the sake of fairness, a normal human being
would consider just how drastic it would be to get divorced, leaving the
other spouse to fend for himself or herself.
Financial wellbeing – that's what it's all about. It goes
both ways, too, in that one spouse might have a ton of debt at the time
of the divorce, but it was debt the
single spouse amassed all by himself or herself. Why should the other spouse
be held liable? That's what a prenuptial agreement is for.
Let this be a piece of wisdom then. For all intents and purposes, married
expect to get divorced. To be fair, though, to both parties, it's a wise
idea to set up an agreement anyway – for both sides. Just make sure
you, and your spouse, would have a lawyer present to ensure it all goes smoothly.