One of the most common questions a family law attorney can hear at a cocktail party upon stating their profession is “Do you think I’m someone who should have a prenup when I get married?” A prenup being a premarital agreement (or “prenuptial agreement”), which governs the division of a married couple’s assets when they get divorced, and can even do so when one of them dies.
A typical lawyer answer, one we all learned in law school, is “it depends.” And for premarital agreements, it really does. Every couple can benefit from discussing their finances ahead of marriage, and what their goals are as they enter what is likely the most important “business relationship” of their lives. Marriages aren’t commonly viewed as business relationships, since couples tend to marry for love. But given all the benefits, ranging from tax breaks, … Read More »