What is a Prenup?
All of Your Prenup Questions Answered by a New York Divorce Lawyer
J.Lo’s love might not cost a thing, but that isn’t the case for many people. Finances are the number two cause of divorce, which means that for many couples, love do cost a thing. When a couple can’t agree on finances while they’re in love, imagine how messy it can get once they decide to split.
To lessen the divorce chaos, couples should get comfortable talking about money before the nuptials and consider signing a prenup. Contrary to popular belief, prenups aren’t just for rich people but can benefit almost any couple. To help spread the word about how helpful and cost-effective prenups can be, I spoke with Crystal Villasenor, a New York divorce lawyer, to bring you all of the deets.
What is a prenup?
A prenuptial agreement (prenup) is a contractual agreement between you and your soon to be spouse that determines how you will divide your assets and handle your finances in the event of a divorce.
The key to creating a successful prenup is making sure both parties are well represented in the agreement. According to Crystal, many couples come to her and ask to get a quick prenup drafted that both are ready to sign. But the first thing she tells them is that they need to hire a second…