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View of prenuptial agreements is changing

You don't have to think back much further than 20 or 30 years ago, and you'll remember a time when prenuptial agreements were a taboo topic that no soon-to-be-married couple should think about -- unless they had a significant fortune to look after. Prenups were considered anti-love, and they forced the couple to consider the prospects of divorce before they even walked down the aisle.

Times have changed though, and this draconian way of thinking is slipping away. Many couples nowadays realize the importance of a prenuptial agreement, as it serves to protect both spouses from unnecessary stress and acrimony, in addition to helping them sort out their assets and numerous other issues before any potential divorce causes these issues to get out of hand.

When viewed through that prism, prenuptial agreements aren't these anti-love doctrines that some people may call them. Instead, they are insurance policies for your assets and other issues just in case a divorce happens to arise.

Now, a prenup can't cover everything. For example, it can't deal with child custody or child support. It usually can't address certain behaviors or beliefs. But what it does cover -- such as property, inheritance, and other financial assets -- can truly benefit both spouses.

Even if you weren't able to agree on a prenup, there's still time for you to get a similar arrangement after your wedding day. A postnuptial agreement functions in practically the same manner as a prenuptial agreement, and it can space the spouses a tremendous amount of stress and anxiety about their assets.

Source: Huffington Post, "A Premarital Agreement Primer," Brad Reid, June 26, 2014

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