The Naked Truth | Why a prenup could improve your marriage and even be romantic – an important gift each partner can give to the other
- Critics of prenuptial agreements say they’re bad for marriages as they put undue emphasis on protecting assets and personal interests
- But advocates maintain they are a practical necessity as they put people’s destiny in their own hands and ease financial pressures
Some critics say a prenuptial agreement is bad for marital health because it puts undue emphasis on protecting assets and personal interests.
Others view prenups as a practicality. It is essentially a contract that sets out what a couple wants to include and exclude in their financial arrangements while they’re together and in the event of them splitting up.
“Without such a document, you’re putting your lives in the hands of the court, where the starting point can be equal division of all assets, however and whenever acquired, as well as ongoing monthly financial support,” says Sharon Ser, Hong Kong managing partner of Withers and a family law specialist.
“The prenuptial agreement allows you to put your destiny in your own hands by deciding how you’d want things settled if anything goes wrong in the marriage.”
I know of a couple who have been married for more than 10 years with two young children, but they haven’t been happy with the marriage for a few years.
