Prenups are Not Just for the Wealthy

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Prenups are Not Just for the Wealthy

Information Provided by: Divorce Source, Inc.

Many people are under the mistaken impression that only wealthy people need prenuptial agreements. Financial planners and family lawyers suggest that soon-to-be married people consider prenuptial agreements if one or both parties;

have assets such as a home, stock or retirement funds
own all or part of a business
may be in line for an inheritance
have children or grandchildren from a previous marriage
brings to the marriage a great deal more wealth than the other
has dependents, such as elderly parents, who are or will be in need of care
are pursuing a degree in a potentially lucrative career, such as medicine
stand in line for "a big increase because your business is taking off, or that garage band you play in has just gotten a contract with a big record company."

Information Provided by: Divorce Source, Inc.

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