Are prenuptial agreements a good idea?

Are prenuptial agreements a good idea?

Like a will, a prenup is meant to secure the question of all pre-existing assets for both parties. But any assets existing prior to the marriage may be excluded property if not commingled during the marriage. I would caution you to keep extremely good records of any equity assets you are bringing into the relationship.

What is bad about a prenup?

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Prenups make you think less of your spouse. And at their root, prenups show a lack of commitment to the marriage and a lack of faith in the partnership. Ironically, the marriage becomes more concerned with money after a prenup than it would have been without the prenup.

What is the purpose of a prenup agreement?

Its purpose is to settle financial matters in advance in the event of either a divorce or death. While a prenuptial agreement may seem unromantic, some experts say it's just smart financial planning.”

Can a prenup ruin a relationship?

Prenups Ruin the Specialness of a Marriage It's a fact of life that money can create huge conflict. Prenups can be born from distrust or poor faith in the longevity of a marriage. In fact, prenups themselves can cause such confrontation that they can even lead to separation before the marriage.