What is a Prenup and Why Do You Need it?

What is a Prenup and Why Do You Need if you're not rich?

DO NON-RICH GUYS NEED PRENUPS?

OK, so maybe you’re not as well off as McCartney, but prenuptialagreements.org advises that prenups aren’t just for the super-wealthy. Even if you only have a few thousand in the bank that you’d like to retire on someday and buy that lakeside bait shop, a prenup will protect such dreams from a greedy ex-spouse.

Remember, once you say “I do,” what you have is hers and vice versa. Spelling out in advance in exacting detail the division of property and assets will save you extreme heartache and hearty legal bills later on, not to mention your bait shop.

NEXT: Do prenups ruin marriages?