prenuptial (sometimes misspelled "prenuptual") agreement
is a contract drawn up by an engaged couple who want to detail
how their assets will be allocated in the event of divorce
Although the media is fond of reporting prenups
of the rich-and-famous, you don't have to be a millionaire
or Hollywood star to consider a premarital agreement.
document has currently become equally popular with less wealthy
individuals who want to protect hard-earned assets accumulated
over the years or as added comfort for those who have
already suffered through a divorce and know that money can
become the main sticking point in many marriages.
Who should consider a prenup
a prenuptial agreement right for you? Anyone with assets such as a house or business, who are anticipating
a large increase in income or an inheritance after their marriage,
should consider a premarital agreement.
More often, one partner has greater assets and stands to lose a larger
sum in the event of a divorce. Other considerations to think
about include one spouse who will be supporting the other
through college (and wants an equitable share in future financial
gain), or if one partner already has children from a previous
For a do-it-yourself prenup, surf the Web (see more resources and
a sample contract, below) for more information on specifics
on what is, and what is not covered (i.e., child support) by
a prenuptial agreement in your state before drafting a prenup
agreement on your own.
most experts advise that you hire a lawyer, or at least have
one look over your draft agreement before you get it notarized,
to ensure your agreement is legally enforceable.