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Newark Family And Estate Law Blog

You know you want to marry your current partner, but you do not know how to bring up a sensitive subject before you marry. A prenuptial agreement protects you both, but how do you discuss the legal document without offending your significant other?

CNBC offers tips for discussing prenups. Have a strategy for protecting yourself no matter what happens while improving your relationship with your soon-to-be spouse.

Discuss your financial goals

If you do not already, talk about financial goals with your partner. Discuss financial accounts, spending habits, debt and monetary goals. Get specific about numbers rather than speak in vague terms.

Let professionals help you

A financial professional may help you break the ice. You and your significant other can meet with an accountant or financial planner experienced with prenups. Ask about other professionals who can help you.

Sit with the details

Once you have a prenup draft, read each page to ensure you understand the details. Both partners must read the document for it to become valid. Note your questions, and get answers to them before signing the document. You and your partner may change the agreement until you feel comfortable signing it.

Start early

Talk about your prenup sooner rather than later. Ideally, both partners have at least six months to create and review the agreement. If something happens, you do not want the court to question the document’s validity.

Prenups need not become a point of contention in your relationship or marriage. When done right, they help couples enjoy peace of mind that no matter what, they have financial safeguards in place.

If you work hard to keep your work life separate from your personal life, you may increase those efforts during your divorce. That could harm you if you do not realize how divorce affects your work and how to mitigate those effects.

Fast Company offers ways to handle divorce in the workplace. You deserve to protect all the time and energy you invested in your career while dissolving your marriage.

Know whom to tell

While you may limit how many personal details you share with your boss, sharing the news of your divorce may become essential. Your divorce could hamper your work productivity, and your supervisor should know why you may underperform. You could also need to take time off work for meetings with your lawyer and court appearances.

Another person to tell is an HR representative. Divorcing means you must change your health insurance, retirement or pension plan and any other insurance plans you have through your company. You probably need to change your tax withholdings as a soon-to-be single person.

Create an earning plan

Going from a two-income household to a single-income household may come with more financial challenges than you realize. Look over your current budget to determine where and how to adjust things to meet all your financial obligations. You could need to ask for a raise or earn a promotion to stay financially afloat.

Do you and your current spouse share children? You may need to change your work schedule and job duties to meet your custody obligations and spend more time with your kids.

You do not have to let your divorce upend your career. With the right strategy, you understand how to navigate the changes in stride.