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What Is a Prenup and Do You Need One?

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There are many factors motivating today’s engaged couples to look at how a prenup may benefit them before getting married. Read this post to learn more and see if a prenup is right for you.


While you may think that the only folks getting prenuptial agreements are among the 1%, recent reports say otherwise.

According to a survey from the American Academy of Matrimonial Lawyers (AAML), 62% of attorneys said they have seen an increase in the total number of clients seeking prenups during the past three years.

There are many factors motivating today’s engaged couples to look at how a prenup may benefit them before getting married.

What is a prenup?

A prenup is a legal agreement two people make before marriage that spells out conditions of how they will hold, gather and distribute assets, both during marriage and if the marriage were to end, said Elizabeth Dipp-Metzger, a certified financial planner and founder of Crown Wealth Strategies in El Paso, Texas. Depending on the wishes of both parties, a prenuptial agreement can be simple or very complex.

In modern society, we often associate prenups with celebrities or public figures, but they have existed in some form for thousands of years. In fact, one of the oldest prenuptial agreements dates back to a 2,000-year-old Hebrew marriage contract, according to PrenuptialAgreements.org. Scholars have even found legal agreements similar to modern-day prenups in ancient Egypt.

In the U.S., prenups gained favor as a legal way to ensure women weren’t left penniless if they were widowed or their husbands could no longer provide for them. With the 1848 Married Women’s Property Act, however, prenups began to grow in popularity as a way for women to keep their own property and money safe should their marriages dissolve. These days, prenups also allow spouses to sidestep restrictive state-imposed property division divorce laws, said Steven Fernandez, a certified family law specialist with Fernandez & Karney in Los Angeles.

Do you need a prenup?

Deciding whether a prenup is right for you is a personal decision, but from a legal standpoint, it’s not a bad idea. Prenups protect both partners in a marriage in the event of a divorce, especially in light of shifting gender roles (for example, the rise of stay-at-home dads and women earning more in the workplace). “Prenuptial agreements can offer benefits to anyone getting married, not just couples with tremendous wealth,” said Fernandez.

If you’re on the fence about getting a prenup, consider how you could:

  • Address your financial rights. A prenup allows both parties to identify and retain assets. “Although in most states, the law protects assets owned before a marriage, there are many ways assets can get commingled,” said Dipp-Metzger. Getting a prenup can set some boundaries on those combined assets.
  • Protect yourself from debts. A prenup can help shield you from potential financial misgivings that take place before or during a marriage, such as those associated with bankruptcy filings, tax liens or credit problems. A prenup can also set strict rules on how to use child support for children from a previous relationship.
  • Keep things civil. “Perhaps the most attractive aspect of a prenup is to try to avoid (or at least minimize) financial arguments upon divorce,” said Dipp-Metzger. “Having a well-thought-out prenup and separation of assets can save a lot of heartache and stress later on.”
  • Financially provide for kids from a prior relationship. If you have children from a previous relationship, a prenup can help set aside assets that you want to direct to them.

Prenup pros and cons

As with any big decision, one that involves the delicate business of human emotions and financial assets, understanding the benefits and downsides of having a prenup can often help bring clarity and direction to your decision-making.


  • Important topics are worked out beforehand. Hot-button issues, such as whether you’ll have children, who will stay at home to care for the kids and what happens to assets acquired during marriage, can be worked out with a prenup.
  • It forces couples to talk about money. Both parties can determine what is fair and start discussing the all-important, hard-to-broach topic of money.
  • It can save you money in the long run. In the event of divorce, there’s a legally binding document that addresses or at least outlines the division of assets and other important issues for the couple.


  • Prenups are still considered taboo. The person initiating the prenup conversation may come across as taking a cynical view of marriage (as in, he or she is hedging it won’t last).
  • Prenups require time and money. “Expect to spend, at a minimum, several hundred dollars so both parties can have representation, plus another several hundred to have an attorney draft the prenup,” said Dipp-Metzger. Because prenup fees can range so widely, there is no universal answer to how much does a prenup cost. But Dipp-Metzger recommends spelling out lawyer fees, preferably with a fixed price from both attorneys, before engaging their services. Some mediators can prepare a prenup at a lesser cost, if the parties can agree on how they wish to allocate assets.
  • Assets need to be kept separate. Once premarital assets are defined in a prenuptial agreement, it’s important to administer them separately during the marriage; otherwise, they will likely be considered community property assets, said Dipp-Metzger.
  • Tracking separate assets is a must. Having a joint bank account likely won’t cut it. For example, if one person owns a piece of property and sells it, then the proceeds should be clearly recorded and put into a separate account to maintain the separation of assets.

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What your prenup might look like

If you’re wondering how does a prenup work, a very simple one can state that all assets will be split 5050, while a complicated prenup can have many caveats and conditions. In that way, “no two prenups look alike,” said Dipp-Metzger, “but at their best, they specify all the wishes of both parties.”

To draft your prenup, you’ll need basic information, including an inventory of all assets that both parties own or expect to inherit. You’ll likely need to produce all documents related to sources of income, such as:

  • Bank and other financial accounts
  • Retirement and health benefits
  • Business holdings and interest
  • Real estate
  • Intellectual property (for example, if you’re a tech startup founder)
  • Liabilities (including credit card or student loan debt)
  • Personal property

You’ll also need information for the family members or any people who will be party to the arrangement, such as additional children from a previous marriage, said Fernandez.

“Every prenup must be tailored to the individual concerns and goals of the parties,” said Donna L. Maul, a family law attorney and partner at Ansell Grimm & Aaron’s Family Law Practice. There is also a body of language that makes up the agreement itself, organized by topic, along with an individual detailed summary schedule of financial disclosure for each party, which should be supported by a complete document package.

When is a prenup invalid?

While anyone can claim that a prenup won’t hold up in a court of law, it’s important to understand some of the common complaints that are used to try and invalidate a prenup:

  • Lack of proper counsel
  • Lack of knowledge or understanding in what was inside the document
  • No notary or witness
  • No original copy

Ensuring your prenup is drafted in fairness to both parties and with separate counsel should help alleviate any of these instances. “Agreements generally require something of value to be exchanged between parties to be properly binding,” said Maul. Say, for instance, one person is wealthier and requests the other spouse give up rights that he or she would otherwise have under existing law without a prenup in place. The spouse giving up rights should receive something of value—like cash or a piece of real estate—if the marriage ends.

You’ll also need to make sure your prenup complies with state law. If the terms of the prenup violate the law, those terms can be invalidated. For example, in recent years, infidelity clauses have become popular in prenups across the country. If a spouse cheats during the course of the marriage, the infidelity clause awards the other spouse property or a certain sum of money. “In many states, including California, infidelity clauses violate state law,” said Fernandez. “As a result, infidelity clauses included in California prenups can be struck down by a judge.”

When you don’t have a prenup and divorce

Couples without a prenup will be subject to the laws of the state in which they file for divorce. “Without a prenup, individuals may be vulnerable to the fallout from their spouse’s debt and financial issues,” said Fernandez. This is particularly true in states where both spouses have ownership interests in joint property. At the end of the day, said Fernandez, “a prenup is a way to hash out the finer financial-driven details of divorce at a point in your relationship when communication is at its best.”

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