6 Prenup Myths Debunked (Pt. 1)

Prenuptial Agreement
Prenup myths can misguide people into believing they don’t need a prenup. Here are the facts behind some widespread prenup myths. Contact us for help with any family law issue.

Prenuptial agreements – or simply prenups – can be effective ways of defining certain financial rights and/or obligations that partners in a marriage will have and/or that may come into play upon a divorce. Although people may shy away from the notion of prenups, these agreements can provide some very important protections to people who are getting married.

Taking a closer look at the importance of prenups, this blog series will present the facts behind some commonly held prenup myths.

While the info herein is important and helpful, however, contact Scottsdale Divorce Attorney Karen Schoenau when you need the best representation in divorce or for any family law issues.

The Truth Behind Common Prenup MythsMyth 1 – I Don’t Have a lot of Assets, so I Don’t Need a Prenup.

FACT – Wrong! While prenups can, of course, be very beneficial for people with substantial assets, they can also be advantageous for those who do not have as much wealth accumulated. This is because, even if you don’t have a significant amount of wealth at the moment, prenups can:

  • Get you and your fiancé talking about individual versus shared financial responsibilities for your marriage
  • Set up some guidelines in the event you and/or your spouse ends up accumulating some wealth in the future
  • Help you and your fiancé avoid having false expectations that could create problems for your marriage in the future (given that financial issues are a primary cause of divorce, this can help you start a marriage off on the right foot).
Myth 2 – Creating a Prenup Means I’m Planning for Divorce.

FACT – Wrong again! Although prenups can have provisions that cover what happens (from a financial perspective) in the event of a divorce, these agreements can also be invaluable even if a divorce never happens.

One reason for this is that prenups can outline certain financial responsibilities for a marriage. Additionally, prenups can end up working as effective estate planning tools (in some cases). In fact, with prenups, people who have children from previous marriages can:

  • Specifically designate certain assets to these children
  • Prevent a new spouse from trying to cut these children out of a will later.

You can get the facts behind some more common prenup myths in the additional parts of this blog series that will be published soon. Be sure to look for them.

Scottsdale Divorce Attorney at the Law Office of Karen A. Schoenau

Do you need help developing a prenuptial or postnuptial agreement? Or is a prenup going to be an issue in your upcoming divorce? If so, you can rely on Scottsdale Divorce Attorney Karen Schoenau for honest answers and experienced help.

To receive professional advice and learn more about how we can help you, schedule an initial consultation with Attorney Karen Schoenau. You can set up this meeting by calling 480-209-1918 or by emailing us using the drop-down contact form at the top of this page.

From her offices based on Scottsdale, Attorney Karen Schoenau represents clients throughout the metropolitan Scottsdale area, including in Scottsdale, Mesa, Surprise, Maricopa County, Pinal County, Gila County and throughout the state of Arizona.

Client Reviews
Karen is highly respected in the legal community. She is effective and thorough. Karen just keeps going regardless of the odds.
★★★★★
Karen was extremely helpful setting up my petition for conciliation. She is by far the most knowledgeable attorney regarding the necessary paperwork, how to file the petition and where it has to be submitted. She listened intently when I was describing my situation and intentions. She was very responsive to my questions and request. She is trustworthy and diligent . I would recommend her to anyone having marital issues. Mark
★★★★★
Very high customer/client considerate. We found Karen when we were forced to leave another Phoenix lawyer due to his bad advice and lack of interest to help us. We were in Phoenix for six days from Michigan with nothing happening but a high wasted expense. Karen and her firm took us in and solved our issue with the courts etc. in two and a half days. Karen’s professionalism with us was very cost effective/productive. If we would have found her first, we would have saved thousands of dollars. Her interest for us was very high. She returned every call. She knew every answer to our questions. She did this for us with a death in her family. She left for a funeral and made sure we were treated with the same professionalism from her firm to finish up. I recommend Karen and her firm with very high satisfaction. Our case is custody with one parent in prison. We will return to Phoenix someday with interests for the child and his parent, if needed. Karen will be our top choice. Nolan
★★★★★
Karen and Bonita are wonderful!! I know that the word "wonderful" is used a lot, but the team they make and the work they did for me can only be described as WONDERFUL!! Yes there where ups and downs in my case, but that is the system and Karen along with Bonita guided and taught me as "WE" went through it together. Karen’s easy going manner and her knowledge really helped me with the emotional part of my divorce. I used the team of Karen and Bonita both times I needed to go to court with my ex and had results that were best for my little girl. Some times I did not get what I wanted, but it was what my daughter needed. Looking back at my case, I made the right choice and would do it again in a heart beat!! Jim
★★★★★
Karen was extremely supportive during a very trying time in our lives. She helped me to put things in perspective and think positive when I was overwhelmed. She is very knowledgeable about the laws pertaining to grandparents rights and the rights of the parents and knew how to provide the appropriate laws pertaining to the situation we were in. I am so grateful for her expertise and guidance. She proved to be very aggressive when she needed to be but was also supportive to my and my children. I would recommend her to anyone in a similar situation. Deanna
★★★★★