Okay, so you popped the big question, and he or she said yes! Whew, what a relief! Now there’s so much to do, so many plans to make: the guest list, the invitations, the reception, the band, the cake, the honeymoon… the Prenup?
While it is hardly the most glamorous aspect of planning a wedding and a life together, many couples should at least discuss it. Why? A Prenuptial Agreement can protect you from financial loss in case your relationship breaks down—no small concern when you consider that half of all marriages end in divorce.
Is a Prenuptial Agreement a good idea for you and your intended spouse? Probably, if any of the following scenarios apply:
- Either of you has children from a previous marriage
- You own a business or are involved in a family-run company
- Either of you has significant assets that you want to keep separate
- One of you is concerned about the other party’s debt
- You are giving up a lucrative career to get married
Do any of these scenarios apply to you and your betrothed? If so, check back tomorrow for more information about creating a Prenuptial Agreement.
