Everything You Need to Know About Pre-Nups

More and more couples see prenups as something more than “expecting the worst in a marriage.” 

A survey by The Harris Poll saw a huge increase in American couples signing up for prenup, from 3% in 2010 to 15% in 2022. Moreover, a 2023 survey from the same research organization found that 4 out of 10 adults support prenuptial agreements, while 35% would likely sign a prenup.

While a prenuptial agreement is not as romantic as planning your wedding or your honeymoon, it is an essential instrument to protect each other after tying the knot. 

This blog will cover what a prenup is, why it is important, and why it’s a smart decision for couples to sign up to one.

What is a Prenuptial Agreement, a.k.a Prenup?

A prenuptial agreement is a legal contract created before marriage, outlining the distribution of assets, liabilities, and financial responsibilities in case of a divorce or separation. In other words, a safety net for your financial future.

Consider it akin to purchasing insurance, albeit for your finances and belongings. It doesn’t revolve around anticipating mishaps, much like one doesn’t get home insurance expecting their homes to catch fire. Rather, it’s centered on readiness and conscientiousness.


Here are other things every couple should know about prenups:

1)  Why is a prenup important?

Many people avoid getting married out of fear.  One of the fears that is most commonly expressed is the fear of a financially destructive divorce. One spouse may fear being “taken to the cleaners,” while the other may fear “being left out in the cold.”  It is essential to have a prenup to address the couple’s fears about what could potentially happen. It’s also important for the extended families of the engaged couple, because their assets may be a point of contention in the divorce.

2)  What’s included in a prenup?

A “prenup,” which is more formally called an ante-nuptial agreement, is a tool that can legally determine the disposition of assets and liabilities in the event of a divorce, separation, and even the death of one of the spouses.  These agreements can also protect a spouse’s non-marital assets (assets acquired before the marriage) even if they are commingled during the marriage.  

In general, if done right, the primary value of an antenuptial agreement is to simplify the process of separating assets and liabilities and remove the fear of the unknown for both spouses.

3)  Are they a good idea for every couple? Why/why not?

A prenuptial agreement is ideal for couples with assets they are worried about losing. Divorce occurs in over half of marriages and can be highly costly and emotionally tumultuous.

Meanwhile, these agreements might hold less relevance for individuals embarking on building their lives together, especially when they have yet to accumulate substantial assets. Moreover, some couples resist such arrangements because they believe that considering the potential occurrence of a worst-case scenario (in this instance, a divorce) might inadvertently elevate the chances of its realization. Opting to forgo a prenup could, therefore, be a preferable option for their emotional well-being. 

Prenup or No Prenup, The Right Match Can Make All the Difference

Prenuptial agreement doesn’t automatically entail the marriage is bound to break. It is a precautionary measure set to make things right from the start.

Signing a prenup doesn’t need to be a very formal and technical event either. It opens the opportunity for many couples to express their financial goals, concerns, and expectations openly. It’s a way to start your marriage on the right foot, knowing that you’ve discussed important financial matters and have a plan in place.

However, if the agreement ends up straining the trust in your relationship, then no prenup may work for the better. After all, considering both parties’ comfort and preferences is also necessary to make a relationship work. Remember, every relationship is unique, and at the end of the day, it’s up to the two of you to keep the passion alive. 

Whether you’re seeking guidance on choosing the right partner, nurturing a healthy relationship, or seeking advice for navigating challenging situations, Luma Luxury Matchmaking offers a wealth of informative blogs tailored to your needs. This includes prenuptial agreements, ensuring a solid financial foundation for your partnership, and fostering open communication about your shared future.

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