Having a prenuptial agreement may a good idea.
Many people desire romance.
It is an undeniable fact, given the success of Hallmark Christmas movies!
Prenuptials, however, are not considered romantic.
According to a recent CT Post article titled “Millennial Millionaires and Their Prenups-What They Need to Be Thinking About,” they have their benefits.
Prenuptials are popular among millennials.
Use of them has increased five times in the past twenty years alone.
Are you an entrepreneur?
Perhaps you should protect yourself and the fruits of your labors.
As people wait longer to get married, they are each bringing their own wealth into a marriage.
This means they have more to lose in assets, if they lose the marriage.
Some assets are fine to share in marriage such as income and a family home.
Investment properties should be separate.
How do you protect yourself?
Talk with an attorney.
Business attorneys understand contingencies, but in my experience family law (read "divorce") attorneys are more experienced when it comes to "unwinding" a marriage and its assets.
That noted, if you do have one or more business interests, then perhaps you should consider having both family law and business law attorneys in the mix.
The attorney should be able to plan for the future.
By the way, you and your fiancé should have separate attorneys.
Drafting these documents takes time.
If you or your partner have foreign accounts or residencies, you should know this will take even more time.
Getting a prenup may seem like a lot of unnecessary work if you are planning to be married forever.
Creating an arrangement now will make things far simpler in a worst case scenario.
After all, that is why we make legal plans in advance.
Reference: CT Post (November 5, 2018) “Millennial Millionaires and Their Prenups -- What They Need to Be Thinking About”