Wedding season is in full swing, and we all know what that means -- more prenups! Experts say that the happy couple should consider drafting and approving their prenuptial agreements far in advance of the wedding date. Both partners need the time to consult their attorneys and negotiate the document's terms -- and who wants to worry about that as they are walking down the aisle? Early preparation can help you make the most of your pre-marital agreement while having the peace of mind to enjoy your special day.
The word divorce can have positive and negative connotations, depending on one's experience. Nevertheless, high-asset divorce often piques the interest of many people. Take, for example, the recently finalized divorce of Joe and Tina Simpson, parents to celebrity singers Jessica and Ashlee, which involved cars, savings and an insurance policy.
Two people who wish to be married and who have valuable properties and assets need to protect themselves against the down-the-road possibility of a high asset divorce. Such couples commonly prepare prenuptial agreements before saying, "I do." However, such agreements may be subject to modification or dismissal if one party was coerced into signing the prenup.