If you think Prenuptial Agreements are just for rich people only, think again.

Prenuptial agreements are often misunderstood as tools solely for the wealthy, but in reality, they are just as crucial for everyday individuals. In a world where people marry later in life, often after accumulating significant personal assets, starting a business, or even having children from previous relationships, a prenup can be a practical step to ensure financial security and clarity for both parties.

Consider someone who owns a small business—without a prenup, that business could be jeopardized in a divorce, potentially affecting employees and clients alike. Or take the case of a person entering a second marriage with children from their first— a prenup can help ensure that their children’s inheritance is protected.

Moreover, with the rise of student debt, a prenup can also help clarify responsibility for such debts should the marriage end, preventing one partner from being unfairly burdened. Prenups aren’t about a lack of trust; they’re about open, honest conversations and planning for a future where both partners are protected, regardless of their financial status. It’s a responsible and forward-thinking approach that more people should consider, not just the rich.

Chi’s Tips: In the UK a Prenuptial Agreement is not with the paper it’s written on if it’s not fair. Their needs to be proper legal advice for both parties and full disclosure.

If you don’t have one in place, get in touch with Chi today.