{"id":3330,"date":"2020-04-20T00:06:22","date_gmt":"2020-04-19T14:36:22","guid":{"rendered":"https:\/\/adelaideprivatewealth.com.au\/plan-together-with-a-pronup\/"},"modified":"2020-04-20T00:06:22","modified_gmt":"2020-04-19T14:36:22","slug":"plan-together-with-a-pronup","status":"publish","type":"post","link":"https:\/\/adelaideprivatewealth.com.au\/plan-together-with-a-pronup\/","title":{"rendered":"Plan together with a pronup"},"content":{"rendered":"
A pronup is a written financial plan to help you and your partner to secure your financial future.\u00a0 Written in consultation with a Financial Adviser, a pronup can help you avoid money troubles that would inevitably impact negatively on your relationship.\u00a0<\/p>\n<\/p>\n
A pronup shouldn\u2019t be confused with a prenup<\/a>, which is a binding financial agreement that outlines what you and your partner will be entitled to receive if your relationship ends. Put simply, a pronup has a more positive outlook for your relationship than a prenup!\u00a0<\/p>\n Think of a pronup as like getting financial counselling for your relationship. It\u2019s like any other form of relationship counselling, just with a financial context. A pronup will help you to identify what you\u2019re currently doing well financially, what you\u2019re not, and what strategies you can put in place to achieve your financial goals together.\u00a0<\/p>\n Once you have a pronup in place, you should regularly monitor it with your financial adviser as your circumstances change over time.<\/p>\n It\u2019s important to understand that it\u2019s never too late or too early to get a pronup when you\u2019re in a serious relationship. However, the earlier you put one in place, the better. A pronup will help to:<\/p>\n clarify you and your partner\u2019s short, medium and long-term financial goals,<\/p>\n<\/li>\n identify you and your partner\u2019s current spending and savings patterns and,<\/p>\n<\/li>\n address any potential financial issues that you may have (or allow you to avoid them altogether).<\/p>\n<\/li>\n<\/ul>\n There\u2019s an old saying that \u2018people don\u2019t plan to fail; they fail to plan.\u2019 It\u2019s true whether you\u2019re talking about relationships, finances, or any other aspect of life.\u00a0<\/p>\n Nobody goes into a serious relationship wanting it to fail, but it\u2019s an unfortunate reality that many relationships do. It\u2019s also a fact that money troubles are a leading cause of relationship break-ups, so it just make sense to have a pronup (financial plan) in place.<\/p>\n Please contact us on |PHONE| if you seek further discussion on this topic .<\/p>\nWhen should you get a pronup?<\/h3>\n
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The bottom line<\/h3>\n