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A prenup defines whether the assets you own like your house or car are separate property of one spouse or part of the marital estate. If you're considerably wealthier than your partner, a prenup is a good step towards ensuring that your partner isn't marrying you for your money.
While less critical in some situations, divorce experts still recommend considering prenups for a few reasons. "A prenup is less important if the parties do not have substantial assets, and/or do not wish to limit or waive spousal support in the event of a divorce or separation," Goikhman says.
A prenup defines whether the assets you own like your house or car are separate property of one spouse or part of the marital estate. If you're considerably wealthier than your partner, a prenup is a good step towards ensuring that your partner isn't marrying you for your money.
There may be some states and some circumstances in which the law will protect your inheritance in a divorce without a prenup, but that's not 100% guaranteed. So, without a prenup, you do run the risk of losing a portion of your inheritance to your future ex. If you're cool with that, then maybe a prenup isn't for you!
A prenup, or prenuptial agreement, is a contract between two people that's created before they get married. It typically lists each person's assets, debts, and outlines how they'll be handled should the couple divorce later on. Prenups can be a valuable financial tool.
Reasons people get prenups Protect assets. Protect against their partner's debt. Waive (or keep in) alimony. Protect future inheritances. Protect future gifts. Protect stay-at-home parents. Protect confidentiality. Protect pets.