Couples in Arkansas and elsewhere that are on the cusp of marriage are customarily buoyed by romantic love and hopeful dreams for the future.
Although that is of course understandable, their down-the-road prospects for marital success can certainly owe more to some timely analytical focus than to fuzzy visions of enduring marital bliss.
We actually term that another way on our family law website at Robertson, Oswalt, Nony & Associates (with legal offices spanning Arkansas). We stress that it benefits marrying couples “to carefully examine the key life issues that will be impacted by the marital relationship.”
We know that our readers can accurately tick those off. Are there children from a previous marriage? Does one of the parties own an already established business? Are there vast differences between the marrying individuals in assets and income?
Common sense would seemingly dictate that such things be timely discussed before a couple affixes signatures to a wedding certificate. Individuals routinely engage in forward-thinking proactive behavior when they are involved in matters that do not remotely compare in solemnity and import to marriage. You consider the key variables involved when you buy a car, take out an insurance policy or invest in a certain financial offering. Shouldn’t you do the same prior to uniting with another person for what is hopefully a lifetime?
Due focus on a prenuptial agreement helps legions of marrying couples do precisely that, providing a timely opportunity for two people to dispassionately (as far as possible) identify, discuss and craft strategies relevant to important matters.
In any given case, a prenuptial contract’s utility can be both obvious and compelling, notwithstanding stereotypical notions that such agreements undermine marital harmony.
A recent article discussing many misconceptions that surround premarital contracts cites empirical evidence indicating that the prenups-kill-love notion is largely discredited. The collective view of an overwhelming percent of informed insiders is that prenups have “no predictable impact” on marital outcomes.
Nonetheless, myths persist. The cited article spotlights several of them and provides some clarifying information that should dispel concerns for parties who might be inclined to seek further information.
We will delve into the details in our next blog post.