economy
Do I need a prenup? Here's what I learned from talking with attorneys—and a financial therapist
Prenups aren't just for celebrities on their third marriage. Experts say they're a key way to make sure you, and not the courts, call shots about your finances.
TL;DR
- Prenuptial agreements allow couples to determine financial divisions in case of divorce, overriding standard state laws.
- Even couples without substantial assets may benefit from a prenup to protect individual financial interests and avoid future legal costs.
- Legal experts advise discussing prenups well before the wedding date to avoid coercion and allow ample time for drafting and review.
- Financial therapists suggest framing the prenup conversation around mutual protection and focusing on the marriage, rather than just money.
- The process typically involves hiring separate attorneys for each party, with costs ranging from $3,000 to $4,000.