Can you be ‘too broke’ for a prenuptial agreement?

By |2022-04-06T16:06:56+00:0030 Oct 2018|Categories: Prenuptial Agreements|


As your wedding day gets closer, one of your friends pulls you aside and explains how beneficial it can be to get a prenuptial agreement. You hope not to get divorced, of course, but you can cover your financial bases just in case.

The problem, as you see it, is that you are young and you do not have any serious assets. Is there any reason to get a prenup?

While every situation is unique, there are some good reasons to get a prenup anyway. For example, do you have any debt? What about student loans? Will either one of you keep going to school — or go back to school — after the wedding, taking out new loans to do it?

Prenups are not just about dividing assets. They are also about dividing debts. If your spouse has far more debt than you, it is important to make sure you’re not obligated to pay off any of it after a divorce.

You also want to consider economic growth. Maybe you’re a young business owner, and you make $50,000 per year. You don’t really feel like you need a prenup. However, what if your company grows in the next five years and you’re bringing home $500,000 annually? What if the company goes from being unknown to a multi-million dollar valuation?

If so, you need to protect that business from a potential divorce. The prenup can do that, protecting your future even when you don’t think you need it today.

Those who are thinking about getting a prenup, you need to make sure they know exactly what legal steps to take.

About the Author:

Dorie Anne Rogers - The Law Offices of Dorie A. Rogers, APC
Dorie A. Rogers, a Family Law Specialist, Certified by the State Bar of California, has been an attorney since 1981 with an exclusive family law practice located in Orange County. She is accepting dissolution cases with support and property issues including the use of forensics to ascertain business value, community interests and to establish monthly case flow analysis. Ms. Rogers has substantial experience in high conflict custody litigation involving sophisticated psychological issues. She drafts premarital and postmarital agreement designed to define and establish parties' separate and community property interests. Paternity cases and domestic violence matters are considered part of her practice. Ms. Rogers is a court-approved and court-appointed to represent minor children.Ms. Rogers consults with individuals concerned about entering or exiting a relationship. She advises effective strategies for dissolution or premarital planning. Knowledge is power and good planning affords better results.Specialties: Family Law Specialist, Certified by the State Bar of California
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