Prenup or no prenup? That is the question.

By Brett Anderson

St. Croix Advisors


If you’re seriously thinking about getting married, you should be seriously thinking about a prenup.

Wedding season is in full swing and there’s only one thing on my mind: the prenuptial agreement.

I’ve gotten a lot of grief for saying this, but I honestly think that it’s one of the best wedding gifts a couple can give to each other.

Let’s be realistic — the marital success rates in our country are less than impressive, so why the big push-back on the prenup? Many say they don’t want to bring it up, as it looks like you’re planning to fail. I look at it a different way though.

It’s a safety net. I’ve seen the sheer devastation that one or both partners can go through in the event of a divorce without one. Once you’re married, if you do not have a prenup, it will be up to your state’s laws to decide how to divvy up your assets in the event of a split. No matter who brought what into the marriage, you could even be looking at paying out on the appreciated and increased value of your separate property. This can be especially damaging for business owners. If your business grows over the life of your marriage, you can be looking at considerable payouts to your former spouse.

If you’re seriously thinking about getting married, you should be seriously thinking about a prenup. (Not just as you’re making your way down the aisle, either, because most prenups need to be signed 30 days prior to tying the knot).