While prenuptial agreements have typically been used only by the celebrities or extremely wealthy more and more people are starting to see the value of having one. Many people see a prenuptial agreement as having the divorce fight before you are even married, but for many people a prenuptial agreement is good decision. So if you are getting married you may want to think about these points and decide if a prenuptial agreement is right for you.
Do you or your partner already have considerable assets? What a considerable asset is will vary from one person to the next, so that’s a decision that’s up to you.
Do you or your partner own any real-estate? If so this is something that should be addressed.
Do you have a retirement account? If so you could be forced to liquidate some or all of these assets and incur a tax penalty on top of it.
Do you have any children from a previous marriage? If you are particular that they receive certain items you need to stipulate that up front.
Do you own or are you a partner in a small business? You need to address ownership before hand to prevent any sticky financial situation that could affect your partners or employees.
If you do feel you are going to need a prenuptial agreement talk it over with your fiancÃ© before you get the lawyers involved. Try to work out as many of the details in a calm way between yourselves so you don’t have to pay the attorneys to argue for you. The correct way complete a prenuptial agreement is for both parties to have independent lawyers who draft up documents in their clients interests. If you’ve discussed everything before hand and haven’t hidden any assets or other secrets it should be nothing more than a formality.