Prenuptial agreements are not just for the rich anymore. With the growing amount of second (and third) marriages, protecting one's estate through prenuptial agreements is becoming an increasingly popular practice. Although most individuals enter a marriage with the expectation to remain with that person 'til death do they part, many lawyers would advise the hopeful newlyweds to hope for the best but plan for the worst. Here are just a few of the many things one may want to consider when deciding on whether or not to hire an attorney to assist with the creation of a prenuptial agreement:
1. Protection from your spouse's debt. Prenuptial agreements can offer protection for married individuals from their spouse's current and future debt. Examples of such debt include student loans and credit card debt. Without a prenup, an individual may take on the debt of his or her spouse, which may adversely affect his or her ability to take out loans, open up credit cards, etc.