Everyone Hates Prenups, Until...

Benjamin C. Sullivan, CFP

MD Magazine®, Volume 6 Issue 1, Volume 6, Issue 1

A prenuptial agreement is the hard, clear-eyed antithesis of the rosy optimism newlyweds bring to the altar.

A prenuptial agreement is the hard, clear-eyed antithesis of the rosy optimism newlyweds bring to the altar.

A prenup isn’t emotionally appealing, but it is proper planning. Like fire insurance, a premarital agreement is a sensible tool that protects you against something you hope will never happen.

A prenuptial agreement is a written contract that outlines how assets and earnings will be divided in the event of a divorce. Without one, assets are divided based on the cooperation of the parties or, in the absence of cooperation, state law as applied by the courts. That can result in unpleasant surprises as well as big legal fees.

Read the full article as it originally appear on Physician's Money Digest.