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A prenup should be part of anywedding checklist, right up there with the cake and the photographer.
Photo: Matthias Clamer / Getty Images
At its core, a prenup encourages honesty, transparency, and open dialogue.
Would one of you step back from work to stay home with the kids?
What age do you see yourselves retiring?
What Is a Prenup?
In short: A prenuptial agreement is a legal contract entered into by two people before they get married.
You already have a prenup, whether you realize it or not, notes Wasser.
Thats rightthe laws in your state act as a default prenup.
Its helpful for couples to understand that you dont have to have millions to require getting a prenup.
A prenup does not just protect the things you have today; it protects future you, too.
She adds, Most states will not honor provisions regarding child custody or support in a prenup.
Those issues will need to be resolved at the time of separation.
Its important to note that a prenup isnt always set in stone during a divorce.
Postnups are becoming increasingly popular, but they are not enforced in all states, notes Wasser.
Formulating a prenup can be a helpful place to starteven if means preparing for a possible split.
This kind of transparency builds trust and strengthens the relationship, she continues.
If they do, the process is simpler and less costly.
Traditionally, creating a prenuptial agreement involves working with attorneys to draft and negotiate the terms, explains Wasser.
You should also be aware of your wedding timeline when drafting your prenup.
This allows both parties ample time to review the agreement and understand the terms.
Finally, its important to note that this legal protection doesnt come without a cost.
Prenups can be pricey, says Leffler.
In some cases, an eye-watering $10,000 or more per partner.
I loveHelloPrenup, adds Wasser.
It makes creating a tailored, state-specific prenup easy and affordable for everyone.
