Forty-plus Girlfriend and Boyfriend get engaged to be married. It is the first marriage for both.
Girlfriend owns a business and has an investment portfolio. Boyfriend has significantly less assets than Girlfriend.
Girlfriend’s friends advise her to enter a prenuptial agreement, also known as a prenup, with Boyfriend.
Girlfriend wonders whether her friends are correct and she should have a prenup. Secondarily, she wonders how to broach the subject with Boyfriend.
Where either intended spouse owns a business prior to marriage, they should definitely consider a premarital agreement.
Experience teaches that you can never go wrong planning for and expecting the best … but preparing for the worst. Both from a business standpoint and personally, having a prenuptial agreement just makes good sense for a small business owner.
In the event a marriage doesn’t work out, a prenup will save both spouses money, time and heartache.
Without a prenup, a contentious divorce (sometimes even one that is not so contentious) can paralyze a business, erode its value, and even kill it.
In a nutshell, an antenuptial agreement can mean the difference between an uncontested divorce and a contentious divorce.
If someone must go through a divorce, an uncontested divorce is surely
preferable to a contentious one.
As for broaching the subject, spouses must be able to discuss everything with each other. A prenup is just one of those kinds of things.