While not exactly the glamorous side of a marriage proposal, the idea of a prenuptial, or ante nuptial, agreement is something that most people about to be married should discuss. In case a marriage doesn’t work or one spouse dies before you have a chance to do a comprehensive estate plan, a prenuptial agreement can safeguard assets, protect one party from the other’s debts, and make any possible divorce proceedings go more smoothly without unnecessary rancor. Since more couples are signing prenuptial agreements, you need to discuss this openly with your intended spouse.
Some prenuptial agreements can cover day-to-day details such as who will pay the mortgage and other bills or how child care is to be handled. Since more couples are signing prenuptial agreements, you need to discuss this openly with your intended spouse. If you both feel a prenuptial agreement fits your situation, you each need to see a lawyer to discuss it further.
Even though more prenuptial agreements are being signed then ever before, it is something to consider only if one of the following applies to you:
If either of you have children from a previous marriage. If you own a...