Marriage is a big commitment, legally and emotionally, and with the common perception that half of marriages end in divorce, a prenuptial agreement prior to marriage can give both parties some peace of mind. While the “prenup” conversation is usually centered around celebrities or high-net-worth individuals, it can actually be a useful and practical planning tool for anyone.

If you’re wondering “what is a prenup and do I need one,” let’s break it down.

What is a Prenuptial Agreement?

A prenuptial agreement is a written contract entered into by two individuals prior to marriage. It typically sets out how each person’s assets, debts, and even additional matters such as how to handle the issues of spousal support, child custody schedules, and each person’s incomes will be handled in the ev

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