Prenups 101
Videos to help you get started on your prenup journey. Visit Prenups TV for more!
Yes, You’ve Already Got A Prenup
Why Do I Need a Prenup?
The Most Important Financial Conversation to Have Before Marriage
Why We Recommend Title Based Prenups
Why It’s So Hard to Protect Premarital Assets Without A Prenup
Why You Should Consider A Prenup, Even if You’re Not Rich
Questions? Look no further.
Frequently Asked Questions
A prenup is a contract with rules defining your financial relationship with your spouse during and, if necessary, after marriage. This is why we say that every married couple has a prenup! You either write your own, or you accept your state’s default rules when you get married.
There isn’t just one type of prenup. Many people assume a prenup means each spouse keeps 100% of their assets and debts, when in reality, prenups range from keeping assets and debts separate, to guaranteeing a 50/50 division of everything owned by either spouse and everything in between.
A postnup is similar to a prenup, except they are signed after the wedding date. In some states, you are limited as to what you can include in a postnup, while in most states, anything you can include in a prenup, you can also include in a postnup.
If you want to customize your financial relationship to have anything other than what your state law says, you need a prenup! At a minimum, a prenup means choosing what belongs to you, what belongs to your spouse, and what belongs jointly to you and your spouse. Without a prenup, a judge’s ultimate power to make those decisions lies.
Specifically, the other reasons to have a prenup are:
Identify premarital assets and debts that will remain separate
Identify categories of assets and debts that will be considered joint property
Pre-determine alimony (or waive alimony)
Protect the inheritance of children
Protect a spouse from the other spouse’s debts
Protect business interests (both premarital and postmarital businesses)
Yes! It’s customary to address how assets will be treated in the future, and whether they will be classified as joint property or separate property.
In many states, it’s not legally required that both spouses have separate counsel, just that each spouse has had the opportunity to have separate counsel. In some jurisdictions, like California, both spouses need to be represented by an attorney, particularly when alimony is addressed.
Typically the state where you and your spouse are currently residents should be the state for your prenup or postnup (rather than the state where your wedding takes place, or a state where you may move to in the future). If you and your spouse live in different states or plan to move immediately after the wedding, ask us during your consultation about what is best for your situation.
Prenups and postnups are customarily written with clauses specifically intended to make them enforceable across state lines, so you don’t have to worry about rewriting your agreement if you move within the United States in the future.
No! Our entire process from initial consultation to signing your agreement doesn’t require you to physically come to our office – we use Zoom for videoconferencing.
A typical prenup process takes about a month, with much of that time dedicated to the couple having conversations to come to a consensus on the content of their agreement. For couples that have already agreed to most terms, the process can often take just a couple of weeks from beginning to end.