Prenuptial agreements can evoke awkward and dreaded conversations. But discussing if a prenup is needed is a wise and smart idea in preparing for marriage. Wealth Management has this helpful article discussing prenups and the oft-dread prenuptial conversation. Prenups can be helpful (even recommended or essential) in some situations, but may not be needed or useful in other situations – just like a will or estate plan, it’s not a one size fits all deal. With wise counsel and an honest evaluation, the prenuptial conversation can be helpful, clarifying, even uplifting or encouraging to the couple, rather than awkward and dreaded. The article highlights 4 good questions to think about when evaluating prenups and your relationship:
- Wealth identity
- Raising children in wealth
- Rules of engagement, and
- Death, inheritances, and taxes
In fact, those 4 questions and conversations are a good idea to discuss in any relationship, regardless of whether a prenup is in play. If you’re thinking of getting married soon, you need to think about the prenup question and have the conversation, even if you both decide not to sign a prenup. Honest and open communication is vital in relationships, especially about money and financial issues. Don’t risk your relationship by delaying important conversations. If you need a prenup or an estate plan (for any size of estate, large or small) or need help handling a loved one’s estate, my law firm is here to help you each step of the way.
Prenups and estate plans are affordable and can give you peace of mind. My law firm, Johnson Law KC LLC, works with clients on various estate planning, elder law, and probate needs, including preparing wills or helping on will contests, prenup consultation and drafting, to help clients take care of their legal needs quickly and inexpensively, and has years of experience counseling clients on various legal issues. Call (913.707.9220) or email me (firstname.lastname@example.org), the KC Estate Planner, today to schedule a free, convenient consultation.
(c) 2018, Stephen M. Johnson, Esq.