Prenuptial Agreements

Prenuptial agreements are not just for the rich and famous. For example, if you are a teacher, police officer or other government employee, you probably have or will have significant retirement benefits. Retirement benefits can be protected in a prenuptial agreement. In many other instances, your family may have a house or other assets that you may inherit and those assets can be protected in a prenuptial agreement.

A prenuptial agreement can cover virtually every financial asset or situation, for example: retirement assets, real estate, closely held businesses, stock holdings, bank accounts, and the payment of debts.

You may believe that a prenuptial agreement is unromantic. However, studies have shown that couples who enter into a prenuptial agreement typically have longer and better marriages. I think of a prenuptial agreement like life insurance and other types of insurance. I buy car insurance, not because I hope to get into a car accident, but, I want the insurance so that if an accident does happen, I am protected. In a similar manner, entering into a prenuptial agreement is buying insurance in case the marriage doesn’t last.