An engagement is a huge step for any couple. Between that day and the wedding, there are many things that have to be planned. While it is all too easy to get caught up in the wedding plans, you can't forget to make plans that will help protect you if the marriage falls apart.
Prenuptial Agreement Archives
Whether or not you create a prenuptial agreement before your wedding day depends on many factors, including the personal beliefs of both individuals.
Prenups used to be considered something only fabulously rich people did prior to getting married. While that demographic group definitely still drafts these agreements regularly, perhaps surprisingly, so are more and more millennials.
You may think of prenuptial agreements as contracts drawn up by wealthy men marrying younger women in order to protect the man's wealth, but these days it's women who are seeking prenups. As women are increasingly tying the knot later in life they often find themselves with substantial personal assets when they do marry. It's only natural to want to protect the financial security you bring to a marriage, and the best way to do this is with a prenuptial agreement.
You might have very little in common with movie superstar Johnny Depp. Just because you are not a universally-known face and celebrity, however, does not mean that Depp's pending divorce has nothing to teach you about family law.
When it comes to the subject of prenuptial agreements, the important thing to remember is that everyone's situation is different. For some couples, they may have been married before and therefore come to their next marriage with a considerable amount of assets. For them, a prenuptial agreement is about protecting what they had in the event that divorce should strike twice. For others, the situation may be very different.
Prenuptial agreements have become more and more popular over the years, and it is not hard to see why. The divorce rate continues to hover around 50 percent, so anyone getting married in America these days has to know that almost half of marriages end in divorce. And anyone who is currently going through a divorce, or has previously, probably knows that there are many complicated issues that must be settled. That is where prenuptial agreements come in. The agreements, drawn up and signed prior to the marriage can make things much easier in the event that the marriage does end in divorce.