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May 28, 2010
Wedding season mantra: ’Til prenup do us part – Personal finance- msnbc.com
(A mediator can assist you in fashioning a prenuptial agreement)
You’re young, you’re in love, you trust each other. No need for a prenuptial agreement before you tie the knot, right?
Not so fast, you with the rose-colored glasses. As wedding season gears up, it may be time for some unsentimental planning before you walk down the aisle.
Demand for prenups is increasing nationwide as more people become aware that they're not just for the rich and famous. Roughly 40 percent of marriages fail, after all, so there’s nothing disloyal or cold-hearted about preparing for contingencies.
“If close to half of all marriages are going to end in divorce, it makes sense to plan for it,” says Marlene Eskind Moses, president of the American Academy of Matrimonial Lawyers.
A prenuptial agreement is simply a legal document that describes how property and assets brought into and acquired during a marriage will be treated if there’s a divorce.