You planned the perfect proposal, and the love of your life said yes. You’re elated – you can’t wait to spend the rest of your life together. That is, until your best friend says, “Have you considered a prenup?” Now, you’re confused and wondering if this legal document is a prerequisite to marriage. Read on to learn about the must-know facts about prenup agreements.
What’s a Prenup?
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Imagine this: you and your fiancee have just sat down over coffee (or something stronger, depending on how the process is going) to work on wedding planning. Between discussing the merits of deejays versus live bands, she blurts out, “I want a prenup.”
The conversation comes to a halt. There are so many preconceptions about prenups (short for prenuptial agreements) that you’re not sure how to...
They say love conquers all… until it comes to divorce proceedings and the distribution of property. Then, all bets are off. Things can become especially heated when the soon-to-be exes discuss what happens to their home. Tempers can rise and you might find yourself saying things you’ll later regret. All that can be avoided, though. Drafting a prenuptial agreement can prevent arguments about...
Prenups can be difficult to negotiate. When you’re about to get married, you want to be thinking about all the good times you’ll have, not the potential for the relationship to end. But a prenup isn’t a forecast of failure; rather, it is a sensible precaution that sets out how assets and support will be handled in the event that things don’t go as planned.
Of course,...
A prenup agreement is usually associated with wealthy couples and celebrities. Not anymore. When two people get married, they essentially enter a legal partnership, the kind that can have specific terms, requiring both parties to ensure that their rights are protected. It is only fair that people who are about to get married set aside time in order to plan and execute a prenuptial agreement,...