by Star Jones
Let’s start at the beginning: A prenuptial or premarital agreement is basically a contract that two people sign supporting specific terms in the event of the breakup of the marriage. It sounds cold, I know. Who wants to think about divorce when you’re running through the daisies of love? You do.
Love is wonderful, but marriage is hard; statistics tell us that one in two unions fail. I’m not saying that yours will, but if you’ve ever been divorced, you know how messy it can get. Taking finances off the table as a potential problem area can save you a lot of time, heartache and cussing. God forbid you fall out of love and into divorce court. There won’t be daisies– there will be daggers.
These days, many people are marrying later in life, or are on their second and third pass. Often, one or both parties come to the relationship already established and having amassed a few assets. Every situation is different, but here are tow fictional, yet familiar, scenarios: