What exactly is a prenup agreement? Can this only mean the end of every marriage's romance? Are these really required to just get realistic and find solutions to tackle the difficulties the marriage is facing particularly in finances?

Well, presently, there are various couples already registering for such marriage agreement just before they marry. This is because they think this will help them to right away manage financial inequality if their partner provides extensive wealth and vice versa. This will also make sure that no one is marrying each other to make the most of the wealth of the other and rather lay all financial cards on the table to consider things fair and square before they both walk down the aisle sans any bad intention. Therefore, a prenup agreement is a signed, notarized contract that shows how couples can manage their financial aspects prior to marriage. This may not sound as romantic but then this will give a genuine financial discussion between the two and therefore will lead into a positive experience in the long term.

Now while this sounds too good to be true, you can still find benefits and drawbacks behind it. Let's discuss the advantages and drawbacks of having prenuptial marriage agreement: Pros: Firstly, having this agreement promotes better knowning that the couple isn't anticipating a divorce but on the other hand clears out any financial issues that are required to be confronted. These can preserve inheritance and family ties and can offer security of personal and business assets gathered as well as financial well-being of children from previous marriage (when there is) prior to marriage.

If the spouse is not filling out the agreement, it's still wise to discover financial inequalities before the wedding. This puts financial expectations clear between couples and makes everything laid out revealed well before the wedding and thus can speak about which assets to give to children or family member in case of death. If there is going to be a divorce, prenup agreement helps eliminate issues concerning finances and assets to get.

Cons: These agreements may also be set aside due to failing to open up all asset information or when there is proof of lack of representation, unfairness and fraud during the time of signing an agreement. This arrangement is among the most unromantic situations among couples preparing to be married and therefore can also indicate lack of trust between couples. Prenup agreement could indicate resentment between spouses and for that reason make it seem like there is lack of long term commitment with each other because of financial inequality concerns. Therefore it's always recommended to talk about this kind of agreement in the first stages of the relationship to set anticipations early on. This will make the spouses to be honest with themselves opening their opinion about their future along with their assets. Once all set enough for marriage, then hiring separate lawyers is good way to both have their own representations.