Prenuptial Agreement: Do I need a prenup and does it make financial sense?
10Prenuptial agreements are a challenging topic. When you get married you hate to already be thinking about how the relationship might end. However, a prenup can protect both partners in a marriage and helps to ensure that if things do end in divorce that you are able to transition to the next phase of your life easier and with less chaos and stress.
Talking about a prenup is not easy but it requires open communication and dialogue around your financial situations. Being able to discuss this is a good marker for success in communicating with your partner. If you or your partner do come into the relationship with individual assets such as an inheritance or trust it is vital to have this conversation and arrangement in advance.
While it is possible to create a prenup on your own with online tools, it is worth seeking professional counsel to ensure that all of the details are covered that ought to be.
In the immortal words of Kanye West, "If you ain't no punk, holla we want prenup, we want prenup"
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About Frank Chou:
Passionate senior finance leader with over 10 years of experience implementing finance best practices for multi-billion dollar companies serving both domestic and international marketplaces in the manufacturing, logistics, distribution, and fulfillment sectors. Founder and catalyst of world-class finance teams in both rapidly scaling and established enterprises. Proven as a trusted business adviser, building successful partnerships across functions and delivering bottom-line growth through implementing best practices, eliminating waste, and optimizing cost.
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