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Is a Prenuptial Agreement Right for You? What is a Prenup? ... Pro: A Prenup Will Protect Your Wealth. ... Con: Prenups Don't Always Hold Up in Court. ... Pro: Makes Future Legal Processes Smoother. ... Con: Suggests a Distrust in the Relationship. ... How to Get Started With a Prenuptial Agreement.

Prenuptial agreements, if drawn up and executed correctly, are legally binding and are usually upheld in court.

A prenup can specify how these pre-marital assets will be divided in case of divorce, preventing future disputes over property. A prenup may also define the separate property status of certain assets, ensuring that they are not considered joint property and are protected from division in a divorce.

Generally, most states require the following: In writing. The prenup must be in writing and not a verbal agreement. Both parties sign it. Both fiances must sign the prenup. ... Notarization. ... Witnesses. ... Signed voluntarily. ... No unlawful terms. ... No unconscionable terms. ... No child custody or child support terms.

For example, let's say John (breadwinner) and Jennie (stay-at-home mom) have a prenup with a lump sum clause of $30,000. This means that, upon the marriage coming to an end, John must pay Jennie $30,000. Keep in mind this is not alimony; it's separate from that. You can have a lump sum clause and alimony.

Prenuptial agreements should not be seen as a negative thing. They are a tool that can foster open communication, trust, and financial stability within a relationship. By dispelling the myths surrounding prenups, couples can approach this topic with a clearer understanding of its benefits.

A prenup can be particularly important if you have substantially more assets than your future spouse. Entering into a prenup gives you the best chance of safeguarding them in the event of a divorce.