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Is a Prenup Right for You and Your Fiancé?

by Norris Law Group on July 24, 2014

Is a Prenup Right for You and Your Fiancé?If you’re getting married and have been dreading bringing up the topic of a prenuptial agreement with your fiancé, you’re not alone. Many engaged couples are skittish about talking about getting a prenups, for fear that they’ll be accused of not being romantic or not having complete faith that the marriage is going to work out. LearnVest, a website dedicated to personal financial planning, goes over what exactly prenups are .

What is a prenup?

LearnVest contributor Allison Kade spoke with NYC-based divorce attorney Sandra Schpoont, who says that just about any financial information can be included in a prenup, and they can be tailored to the needs of each couple. She also says that prenups are becoming more common, as couples wait to marry at a later age and women enter marriages with assets of their own.

A prenuptial agreement is always done prior to a marriage, and sets the “ground rules” for the disbursement of assets in the event of a divorce.

Schpoont says that a prenups may include (but not be limited to) the following:

  • Instructions on how to divide assets;
  • Details about which spouse will keep which items;
  • How to divide the family home or other real estate;
  • How to fairly divide debt;
  • Financial support for a spouse who stays home to take care of the family;
  • How long one spouse and/or the children may stay in the family home after a divorce;
  • Spousal support or alimony;
  • Inheritances for children or stepchildren.

Schpoont adds that pretty much any stipulation the couple wants (within legal reason) can be added to a prenups. For example, she says that one soon-to-be bride with whom she worked wanted to add a “no cheating” clause to encourage her fiancé to remain faithful. That couple never walked down the aisle—perhaps for the best.

Attorney Graham Norris and his associates at the Norris Law Group serve the residents of Utah County and throughout Utah in the area of family law, including prenuptial agreements. Contact them today at 801-932-1238 or online for a free consultation.

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