4 reasons not to sign a prenup or postnup
If you’re getting married in Michigan, you may be deciding whether to move forward with a prenup agreement. In many situations, these agreements make sense. In others, they don’t.
You can’t afford a prenup attorney
If you can’t afford an attorney to guide you through the prenup/postnup process, then you probably don’t need a prenup. Marital agreements typically outline who gets what assets in the event of a divorce. But if you don’t have any property, money, stocks or investment accounts, there’s nothing to protect.
You plan to live a minimalist lifestyle without assets
Many people strive for the so-called American dream, complete with a big house and multiple cars, but other people are content with a minimalist lifestyle. If you belong to the latter group and know you won’t be acquiring assets over the course of your life, then you probably don’t need a prenup. If, however, you change your mind and switch directions, postnup agreements are always an option.
It’s against your religion
If your religious beliefs forbid divorce, then a prenup may not be for you. However, if you and your spouse can’t agree on the matter, you may want to take a deep breath and reconsider the union. After all, stark religious differences can lead to divorce.
You want state laws to govern your divorce
State laws govern divorce. In some cases, people do their research and decide that the state standards work for them. If you fall into that category, then a prenup/postnup agreement may not be necessary. Remember, though, that life is full of twists and turns. If you find yourself living in a different state one day, remember to check the divorce laws there.
Planning a wedding can be a whirlwind, and talk of prenup and postnup agreements may seem daunting and counterproductive. However, if you do the research and speak calmly with your fiancé about the issue, the two of you will likely arrive at the right decision.