Life Kit: Money
Prenups aren't just for the rich and famous. Here's when to consider one
Aug 31, 2023
Prenups aren't just for the rich and famous. This podcast explores the significance of discussing money with your partner and the inclusion of prenuptial agreements. It covers situations that may lead to considering a prenup, the factors that influence a judge's decision on upholding a prenup, and emphasizes the importance of open conversations about prenuptial agreements.
18:10
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Quick takeaways
- Prenuptial agreements are not just for the rich and famous, but can be beneficial for anyone who wants to clearly define financial responsibilities and protect their assets.
- Having a prenup allows couples to avoid state laws dictating financial matters, putting decision-making power in their hands and potentially saving money and simplifying the divorce process.
Deep dives
The Importance of Prenuptial Agreements
A prenuptial agreement, or prenup, is a legal contract between soon-to-be spouses that outlines how they will handle finances during the marriage and in the event of a divorce. It is not only for the rich and famous, but applicable to anyone who wants to clearly define financial responsibilities and protect their assets. Having a prenup allows couples to avoid having state laws dictate these matters, putting the decision-making power in their hands.
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