New York State as of October 2017 has one of the lowest divorce rates in the United States. Approximately 12.9 married people out of every 1,000 divorced in 2016, giving NYS the fourth lowest divorce rate in the country. New York’s neighbor, New Jersey, has the third lowest rate.

Despite these statistics, every couple should consider getting a prenuptial agreement before actually saying, “I do.” Unfortunately, many couples forgo this important document. This can be extremely detrimental and costly in the event of divorce. While future spouses may not want to talk about the possibility of divorce, it is crucial to have this document completed before the actual wedding. In the event of a divorce it will be the document the court can look to for settlement.

Here, then, are three myths about prenups that warrant debunking:

Myth #1: Writing a prenup means one person plans on divorcing

Writing a prenup is not the same as planning for divorce. In fact, it can actually strengthen the marriage. Creating this document requires couples to communicate with total transparency about their financial circumstances and expectations. This will clear up many discrepancies or miscommunication before the wedding.

Myth #2: Creating a prenup is expensive

While a couple will need to spend some money to prepare a prenup, this cost is nothing compared to the cost of a divorce. In the event of a divorce, both people can save money will a well-written prenuptial agreement. It is helpful to think of a prenup as an insurance policy. A small investment will most likely save a lot of money and stress in the long run.

Myth #3: Only wealthy couples require prenups

Prenups benefit all couples and not just high net worth people. Middle class couples especially can benefit from having this contract. A divorce determines the outcome of everything from student loan debt to charge cards, so it is important to list any liabilities or assets prior to the marriage.

If you have questions about prenuptial agreements, an experienced matrimonial and family law lawyer can help set you on the right path to live happily ever after.