Til Debt Do You Part

My team is extremely fortunate to get to work with so many successful Gen X’ers. Many of them have done phenomenally well in their careers, and then begin considering marriage at a much later stage in life toward their late 30’s to early 40’s. This often brings up the question when we do financial planning with them about whether or not it is a good idea to get a prenuptial agreement. There are pros and cons to getting this type of agreement, but the one important item many couples do not remember to put in these agreements when they execute them is what will happen with the DEBT. Most couples remember to talk about the bank accounts, the retirement accounts, the family inheritances, the real estate, and the closely held businesses. However, most people assume that all prenuptial agreements are only dealing with people who have significant wealth. What happens when a couple gets married and you still have outstanding ...

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