Prenuptials

You both have found the Love of your life, you have gotten to know one another, and have had the conversations about favorite seasons, sports teams, are you a beach, desert, or mountain person, even talked about your position on money matters, faith, and children. Though have you had the ‘what if it doesn’t work out?’ discussion?

Prenuptials (prenups) have seen a tremendous growth in the past 15 years. In a Harris Poll 1 in 7 marriages in 2022 had a prenuptial vs 1 in 34 in 2010.

In recent years, there has been a notable shift in the attitudes of millennials and younger generations towards prenuptial agreements. Once considered a taboo subject associated with distrust and impending divorce, prenups are now being viewed through a different lens – one that prioritizes practicality, financial transparency, and individual autonomy within relationships. Let's delve into this evolving trend and explore the factors driving this change in perspective.

Would you hire an untrained and experienced person to fix the brakes on your new car, to handle an IRS audit, or to interpret the results of your MRI scan?

No. You understand the importance of hiring a person with the right training, skills, and experience to do the job correctly. You also understand the importance of these tasks so you would not cut any corners.

A properly drafted Prenuptial Agreement will:

Community property refers to everything a husband and wife own together. Included in community property are things like real estate, money earned during a marriage, and debts amassed while married.

Every divorce is different, but some are more cut and dry than others. When issues like high net worth are a consideration, divorce mediation and litigation can become very complex.

Factors that may become a unique concern for higher-income parties include: