A prenuptial agreement is a signed, legal agreement that covers the financial consequences of a divorce. The agreement must be agreed upon and signed prior to getting married.
If you get married without creating a prenuptial agreement with your spouse, the financial consequences will follow the divorce laws of your state, which will likely leave at least one of you very unhappy.
You should especially consider getting a customized prenuptial agreement if you are financially better off than your future spouse. Otherwise, upon getting married, all of your assets are considered martial assets, and if the marriage ends, your finances will still belong partially to your ex.
If your spouse has a lot of debt, you should include this in your prenuptial agreement so you’re not held responsible for any of it if you are to separate in the future.
If you own a business, or part of a business, you need a prenuptial agreement if you don’t want your spouse to own a share of it upon potential separation.
Some people think getting a prenuptial agreement is bad luck for your marriage because you’re assuming that your marriage could fail before it even starts. The truth is, we have no way of knowing how a marriage is going to play out in the future, no matter how great the relationship is prior to marriage. Also realize, if you don’t create your own prenuptial agreement, the legal system of your state already has one waiting for you, and it’s much more strict and limiting than if you created one yourself.