ST. CROIX INSIGHTS
Everyone Needs a Prenup
BY BRETT ANDERSON/ST.CROIX ADVISORS, LLC
Photo by Alvin Mahmudov
Yes, I firmly believe everyone needs a prenup. No, I don’t believe it has to take the love or romance out of your relationship.
Not everyone agrees with me. In fact, no one is on my case about this subject more than my first wife, Mrs. Anderson. Every time I mention prenuptial agreements, she says they’re not right, they kill the love, that future spouses should trust in their relationship. But the harsh reality is that no matter how in love you are, no one can predict the future.
In the event of a death or divorce, if we haven’t made our own plans, the government makes them for us. Isn’t it in everyone’s best interest to have an open and honest conversation around these topics? If a divorce does occur, don’t you want to know how your investments, checking accounts, and other financials will be treated?
Make big decisions before making the big decision.
If there’s one thing more romantic than marrying the person you love, it’s marrying the person you love secure in the knowledge that there’s a plan in place for dealing with your finances in any contingency: for better or for worse, in sickness and in health (you know the rest).
With everything agreed to ahead of time, you and your spouse can move forward together in security and trust. That’s why everyone needs a prenup: the only people who are hurt financially in this process are the divorce attorneys!
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Ask yourself- can my portfolio support my lifestyle in my retirement?