First comes love, then comes prenup?then comes marriage"
While we tend to associate love and marriage with romance, fairy tale endings, and pledging to snuggle up on the couch together forever and ever amen, the hard truth is that a marriage is as much of a financial commitment as it is a romantic commitment. You may think that a prenuptial agreement is the most un-romantic thing in the world, but it can be a great way to protect yourself (and your future spouse) if you are financial imbalanced or are bringing some major assets into the marriage.
Here are a few things you should know about the prenuptial agreement?and how to know if you need one.
What Is a Prenup"
First thing’s first: a definition. A prenuptial agreement is a contract that two spouses enter into before marriage, which includes provisions on the division of property and spousal support if there is a divorce. Although prenuptial agreements are typically only thought of as something that celebrities or wealthy business people do, there has recently been a rise in millennials requesting prenuptial agreements from lawyers before walking down the aisle. Prenuptial agreements tend to be more common with second marriages or for those who are coming into the marriage with significant assets.
Why Would You Need One
So, why might you need a prenuptial agreement" The main reason for wanting a prenuptial agreement is to protect any assets that you had before you entered into the marriage, but there...