The popularity of prenuptial agreements is on the rise for couples of all ages. A prenup can be just as important to couples on their first marriage and in their 20’s and 30’s, as it is to individuals on a second or third marriage and in their 40’s, 50’s and 60’s (and on up). Today, many couples want to establish property and financial rights before marriage. The content of the agreement is unique because it is based upon the couple’s particular goals and financial situation. If a prenup is properly prepared, future disputes over money and other issues can be avoided. Many people think of a prenuptial agreement as a contract like any other. That is not exactly the case. Because of the delicate nature of prenuptial agreements and the relationship of the parties, it is much more than just a contract. In addition to general contract principles, prenups come with a set of rules and regulations all their own. For that reason, how a couple arrives at agreement and how the prenup is drafted is extremely important.
I have been fortunate to work on a variety of matters in my career, but I focus my practice on Collaborative Law and Mediation. I find myself mentioning collaborative law in other blogs I post, and while I give quick definitions here and there, I felt it was important to provide a better foundation of what collaborative law actually is.