Consider a Prenup Before Saying I Do
"Although much publicity surrounds premarital agreements of high-profile couples, ... a premarital agreement is appropriate for anyone with property, debt, a degree, a certificate or license, an established career, a business or professional practice, a creative product, expectations of inheritance or other receipt of assets, past matrimonial experience, or children," writes Erika L. Haupt in "For Better, For Worse, for Richer, for Power: Premarital Agreement Case Studies," which appeared in the spring 2002 Real Estate, Probate and Trust Journal.
Sam and Sally may not fit into any of Ms. Haupt’s categories, but many, if not most, couples do. According to Ms. Haupt, prenuptial agreements make sense for:
Discussing a prenuptial agreement with a spouse-to-be serves as a way of bringing both partners up to speed about the finances of the marriage. Talking about money before cutting the wedding cake may seem unromantic, but being able to sit down with a future spouse and discuss future "financial plans and expectations for the relationship will lead to a more solid foundation ... than simply expecting ... love to take care of everything."
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