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Pop stars aren’t the only ones who need prenuptial agreements

On Behalf of | Sep 24, 2021 | marital agreements

Pop star Britney Spears recently became engaged to her long-time boyfriend, and there is a significant amount of money on the line. In the event of a divorce, she could lose much of her wealth and assets, which is why she would be wise to have a prenuptial agreement before she ties the knot. After announcing her engagement, many people on social media encouraged her to have a prenup drafted, and her fiancé was supportive of the idea.

Not just for the wealthy

While many wealthy individuals do have prenuptial agreements, this is not something reserved only for the rich and famous. California couples of all income levels will find it beneficial to have a contract in place that outlines what will happen to marital property in the event of a divorce. A prenup includes terms that dictate the division of marital property, and it can also distinguish and specify separate property that is not eligible for division between the spouses.

Most couples benefit from working through some money issues before they marry. Creating a prenuptial agreement can help them do this as it will require the two parties to discuss financial priorities, property ownership and more. It is possible this will reduce the chance of fighting over money during the marriage.

A lot at stake

Most couples do not have millions of dollars that could be at risk in a divorce. However, it may be helpful to discuss the benefits of a prenuptial agreement with an experienced California attorney anyway. This marital contract can provide protection and peace of mind for both parties.