Do I need a prenuptial agreement?

A prenuptial agreement allows couples to make full disclosure of their finances and agree on how they will handle certain financial issues during their marriage or in the event of divorce or one spouse’s death. Not everyone needs a prenuptial agreement, but any couple can benefit from having one.

Prenuptial agreements are especially helpful for couples in which one or both spouses have children from a previous relationship; there is a large disparity between spouses’ net worths; one or both spouses own a business; or one or both spouses have significant debt.