Pre-Nuptial Agreement. These are not dirty words, although many folks shudder at the thought of preparing one. But negotiating a pre-nup is really an opportunity for a couple to honestly and openly discuss money and finances. It is certainly a difficult topic, but too often couples enter into marriages knowing little about the other’s debts, assets and, importantly, how that person thinks and feels about money.
Pre-nups are not just about divorce. To the contrary, pre-nups address what happens in the event of death either while happily married or while separated. Is this a second marriage with children from the prior marriage? Do you want to leave your estate to your children or your new spouse?
The best way to prepare a Pre-Nuptial Agreement is for each partner to retain an attorney and to meet in four-way meetings to dialogue and find a new understanding and appreciation for each other.