Do I Need A Prenup If I'm Not Rich?
Short Answer: Yes, You Do!
Prenups aren’t just about protecting what you have coming in – they’re about deciding whether money and assets you gain during the marriage are mine, yours, or ours – so that you don’t fight about those things during the marriage OR in a divorce case.
The Cost of Not Having a Prenup
Every year, over a million Americans will go through a divorce, collectively spending billions of dollars on legal fees, because they don’t take this one step of deciding whether assets or debts are mine, yours, or ours. And most of that money isn’t spent fighting over what you had coming into marriage – those fights are over-dividing what you gained during the marriage, and it’s totally unnecessary.
The Law vs. Your Preferences: Why a Prenup Matters
If you believe that everything should be split 50/50 no matter what, great! That’s not the law in over 40 states, so if that’s what you want, you need to put it in a prenup. If you want whatever you have in your name to belong to you, whatever is in your spouse’s name to belong to them, and whatever is in joint names to be 50/50, great! That’s not the law in any state, you have to put that into a prenup.
Protect Your Future: Decide Now, Not Later
If you believe that you and your spouse are better suited to decide what belongs to whom, rather than a judge who doesn’t know you, perfect – you have to decide that up front in a prenup or a postnup, or by getting married, you are giving that power to a stranger in a black robe.
Why A Prenup Is Important, Regardless of Your Current Wealth
Prenups aren’t about how much you have coming into marriage – if you’re going to earn money during your marriage, then you should consider a prenup.