No doubt you have heard of, and maybe even created, a prenuptial agreement. Prenups provide a way for a couple to sit down and discuss the financial expectations of marriage. The document usually covers separate and communal property as well as property division in the event of a potential divorce. It offers protection particularly for parties with high assets. Such agreements can reveal personal beliefs that help couples decide if they should proceed with the marriage.
When you are in love, you may think you will never need a prenuptial agreement, or prenup. That is until something difficult happens down the road and you are heading towards divorce. While divorce is not a guarantee, it is certainly a possibility that you should prepare for.