A prenup, also known as a prenuptial agreement, is a written contract created by two spouses before they are legally married. Prenups typically list all assets and debts held by each spouse, as well as each person’s right to those assets and debts in the event of divorce. Though prenups are infamous in celebrity marriages, many average couples find them valuable as well.
Prenups Encourage Important Pre-Marriage Discussions
The engagement and wedding planning process is often an exciting whirlwind of events and decisions. Many couples don’t stop to think about the implications of certain financial or legal decisions until after they’re married. (more…)