Prenuptial agreements have become much more common in recent years. In the past, prenups were exclusive to wealthy couples to protect their finances in the case of a future divorce. There are various explanations given for why prenups have become so popular. Some say it is because couples are getting married later and thus have acquired more wealth before marriage, while others attribute the influx to the rise of female equality in America. Regardless of the reason, many couples view prenups as a necessity, and it is important to understand what should be included in this kind of legal documentation.
What Can Be Included in My Prenup?
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Properties: There are two types of property that exist in a marriage, separate and marital. Property that is considered separate includes everything acquired before the legal marriage. Marital property is that which is gained during the marriage. Prenups can allow you to deem some property separate and some marital before saying “I do.”
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