What is a Prenup and Why Do You Need it?

Why Do You Need A Prenup?

WHY GET A PRENUP?

The legal and practical wisdom behind getting a prenup can be found in the prefix of the word itself: “pre,” meaning it is agreed upon and signed before the marriage takes place.

You are taking out insurance against the failure of your own marriage to potentially cover substantial losses if your dream girl suddenly flips and becomes Kathleen Turner in The War of the Roses. Remember what she did to Michael Douglas’s car?!

Divorce proceedings can take months or years, and cost many, many dollars, if the split is acrimonious. Agreeing who will get what in advance in the event one of you runs off with an ex, or a hot coworker, etc., will protect you both financially and legally.

This will lessen your legal bills too, as divorce attorneys aren’t exactly known for working cheap (at least, not the ones you’d want to hire.)

NEXT: Who Needs A Prenup? (Hint: Possibly you.)