For divorce lawyers, Valentine’s Day means two things: engagements and prenuptial agreements. While others are throwing away wilted roses and finishing off the last few chocolates from heart shaped boxes, divorce attorneys are fielding calls about prenuptial agreements.
As I discussed in “Getting Married? Four Reasons Why You Need a Prenuptial Agreement,” here are four reasons you need a prenuptial agreement before you exchange your vows:
- You want to simplify your divorce (if you ever need one);
- You want to protect your business;
- You want to protect your home, retirement and other assets; and
- You want to protect your children’s inheritance in the event of your death.
While I am not suggesting you ask for a prenuptial agreement on Valentine’s Day, it is never too early to start thinking about whether you need one and what you want to protect. It is no fun to be doing last minute wedding planning and negotiating a prenuptial agreement at the same time. Get it done so you can focus on the fun stuff: the wedding, honeymoon and the marriage!
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