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Are Prenups Important for the Average Couple?

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Posted at 5:08 AM, Jun 04, 2013
and last updated 2013-06-04 07:08:09-04

By Shelby Lin, CNN

(CNN) — As a happy couple prepares for their big day, the last thing they want to think about is what will happen to their assets if things don’t work out.

But financial experts say it’s important for couples to have the “prenup” talk.

It’s a contract that spells out how assets will be distributed in the event of a divorce or death and it’s not just for celebrities and millionaires.

What do you think? Are prenups important for the average American couple? Share your thoughts on our Facebook fan page and we may feature them on TV!

According to BankRate.com – there are several reasons to consider a prenup:

-If you have stocks or retirement funds, own a home or business, or may be receiving an inheritance.
-If you have children from a previous marriage, or elderly parents to take care of.
-Consider a prenup if one future spouse is wealthier than the other, or will be supporting the other through college.

Couples should have the talk as early as possible. Be honest about why you want it, and fully disclose your assets.

Be sure the prenup is in writing, and the signing is witnessed by a lawyer.

And things change, so review it every few years.

Story via Fox 8.