More California residents these days consider signing a prenuptial agreement before marriage. They are commonly known as prenups. These agreements help preserve a person’s property in the event of a divorce. Though once viewed as a tool for the wealthy, views on prenups continue to change over the years.
Business Insider looks at reasons to get a prenup before marriage. Many new couples view prenups as a form of financial protection. They do not view it as lacking faith in their marriage or love. Many find prenups to be a realistic and helpful tool. This could be due in part to the fact that many Millennial parents divorced. Seeing fierce battles over property division may influence public opinion.
There are some people who may want to consider prenups more than others. For example, do you have investments or plan to invest? Do you have more to lose than your spouse? Do you want to have a family? If you answered yes to any of these, signing a prenup is a way to protect your future.
The popularity of pet prenups is also on the rise. Couples often treat their pets as part of the family. Losing them is as painful to some as losing custody of a child. Signing a prenup is another way to ensure the decision is not left up to the court.
In the end, prenups are a good potential tool for anyone. Do you value future investments or your current assets? If so, consider talking to your soon-to-be spouse about signing a prenup. It may benefit both of you.