It’s Valentine’s Day and I Got Engaged: Do We Need a Prenup?
You’ve just marked a memorable Valentine’s Day by getting engaged. Amid the joy and excitement, a more practical question may arise: Is a prenup necessary? The answer is a resounding yes. A prenuptial agreement is not about planning for a divorce. In many ways, it is premarital counseling. Much of the conversations when developing a prenup are around future children, how you plan to pay the bills, how you feel about debt, or how you plan to share, spend, or save money. Understanding feelings about these issues can save a lot of heartache later in your marriage. Wealthy or Not, It Matters Getting married is not just a romantic endeavor; it is a substantial legal decision. Having a prenuptial agreement is especially prudent if there…