According to a recent survey, about two million couples got engaged this Valentine's Day. If you are in one such couple, you are probably excited to start planning your wedding and your future with your spouse-to-be. However, amidst all of the venues and caterers and wedding dresses, don't forget to discuss one increasingly important aspect of a marriage: a prenuptial agreement.
Many people have long dismissed prenuptial agreements as unromantic and pessimistic or as something that is only used by wealthy people who are prone to divorce. However, with such a shaky economy, family law attorneys in California and throughout the country are recommending that every engaged couple at least discuss a prenuptial agreement to determine whether it may be a good option for them.
Prenups have been on the rise in recent years. According to a survey conducted by the American Academy of Matrimonial lawyers, almost 75 percent of divorce attorneys said that they have seen an increase in the clients seeking prenuptial agreements in recent years. The survey also found that more women are now initiating the prenup process.
One possible reason for the increase is that people are now waiting longer to get married, and are more established in their careers (read: earning more money) when they tie the knot. There is a natural tendency to want to protect that, so more couples are seeking a prenup.
If you think you may want a prenuptial agreement, don't wait to bring it up. Introduce the idea early and discuss it calmly. Even if you don't end up signing a prenup, having a frank discussion about money and how it ties into your future may help avoid later disputes.
Source: Reuters, "When Valentines and prenups go together," Kathleen Kingsbury, Feb. 15, 2012
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