Are you one of the many couples whose wedding has been delayed by the pandemic?
This has provided more time to consider the value of a prenuptial agreement.
Thousands of couples were forced to delay, change or cancel their wedding plans due to the difficulty in obtaining marriage licenses, the closing of wedding venues and the prohibitions against mass gatherings. Many engaged parties are using this down time to consider and then discuss the benefits of entering into a prenuptial agreement for the first time.
A written contract entered into by a couple prior to marriage that allows them to determine many of the legal rights they agree upon when marrying is a prenuptial agreement. People want to control what happens if their marriage eventually ends by death or divorce. Couples choosing agreed-upon terms that provide clarity as to their decisions.
A client who recently got engaged and was planning to marry his fiancé before the end of the year shared that he never considered the benefits of a premarital agreement until he witnessed the record-level job losses and financial hardships suffered by millions of Americans over the last few months. Bruce says, “After COVID we both want a prenup because you just never know what’s going to happen in the future. Every person I know getting married is thinking that a prenup might be a good idea. Since you can’t really count on things working out the way you hope with life in general, at least we can count on our prenup.” Bruce’s rationale for wanting a premarital agreement is similar to the mindset held by many people who have contacted our company since COVID-19. The pandemic has people craving certainty and control over their lives.