PRENUPTIAL AGREEMENTS AREN'T JUST FOR THE RICH

HERE'S WHAT YOU SHOULD KNOW:

Few people get married thinking they're going to get divorced or about divvying up money or assets after a marriage ends.

Prenuptial agreements are frequently met with preconceived assumptions of a lack of trust or a strategy to protect wealth when the partner's wealth is unequal. Prenuptial agreements, on the other hand, are a means to clear financial issues and open up dialogue before the wedding vows are exchanged.

These agreements are not just for the wealthy and powerful. 

Three to six months before the wedding date is a good window in which to complete one because they can take time. 

While a prenuptial agreement may seem like a no-brainer for the wealthy, attorneys say they can also help couples who have collected any assets, such as those who want to protect a business they own or just want to clarify finances before getting married.

Women especially have an “incredible earning potential” compared to previous generations. 

While it's not an easy conversation to have, bringing up prenuptials early on – ideally before getting engaged, even if only hypothetically – can help. That way, when the time comes, all parties will be ready for the debate.

Money might be one of the most difficult topics to discuss in a relationship. But it shouldn't be a taboo subject.

It is an emotional document as much as a legal document. As a result, a prenuptial agreement can greatly facilitate those financial discussions.

Need further clarity? Contact Kevin at or kevin@kmckernan.com or 718-317-5007