We have all heard about numerous Hollywood actors who have prenuptial agreements which protect their assets and streamline their divorce process. Given the high divorce rate and the large amounts of assets this makes sense for them. But does it make sense for the girl and boy next door? It can, in several instances.
People are getting married later in life, obtaining bachelors' and masters' degrees before marrying. This means that young adults have the opportunity to graduate and start earning a living, possibly purchasing homes, starting businesses, receiving stock options and obtaining assets. Having a prenuptial agreement can protect your hard work by allowing you to keep what you earned premaritally, including any increase in value on those assets.
With older adults who are widowed or divorced (remarriage situation) there are almost always houses, bank accounts, retirement accounts and other such assets brought from the first marriage. There is also the likelihood that there are grown children. You want to keep what you had from your first marriage or you want to make sure that those assets will be set aside for your children. A prenup can make this happen. A prenup can also address what may happen should one of the spouses pass away.
If your situation fits any of the above instances, please contact an attorney to discuss your wishes.