What You Need To Know About Prenups

In general, there are four factors to consider when deciding whether you should pursue a prenup:

1. Age of the parties: the older you are, the more likely you need one.

2. Children from a previous relationship: a prenup is always a good tool to protect the financial future of children from prior marriages or relationships, but these agreements are not allowed to regulate issues relating to children of the future marriage, such as child custody.

3. Presence of substantial assets: the more assets you have, the more likely you need a prenup.

4. Disparity of assets: if there is a large disparity in assets between the two parties, then you want a prenup.

The lack of a prenup invites complexity and injustice if those factors apply to your situation.

via Joseph E. Cordell: What You Need To Know About Prenups.