How Do You Prepare A Prenuptial Agreement?
No longer just for celebrities and the ultrarich, a prenuptial is becoming a typical part of planning a wedding. It is a legally binding agreement that describes how assets will be divided between the partners, should divorce or death occur. Consider it a checks-and-balances document that ensures financial well-being for the matrimonial set. Step 1 Determine whether you need a prenup. Some instances where one may be advisable include the following: Step 2 Open a discussion about the prenuptial agreement well in advance of the marriage date. Choose a time and a place to talk where both of you are comfortable. Be open, candid and direct. Listen to your spouse-to-be and invite ideas. Treat it as a collaborative process. Frame the whole concept of a prenup so that both parties feel they gain something from the agreement. Step 3 Find a good divorce or contracts lawyer to help craft a bulletproof prenuptial agreement. Be prepared to pay anywhere from a few hundred dollars to several thousand
