Here's What Happens When You Don't Get a Prenup Before Marriage
They divorced. He took millions of dollars worth of assets with him but left her with much less. If you've heard the story from someone involved, you've come face to face with the consequences of a prenuptial agreement (prenup).
A prenup is a pre-marriage agreement that proposes special rules for distributing wealth should a couple divorce. A prenup can specify who gets a business, who must pay for debt, who pays alimony, and so on. They can favor one party over the other.
But prenups aren't inherently bad. In fact, they're more popular than ever. According to CDC data, of those married, about 15% report signing up for a prenup, five times more than in 2010. More and more people seem to be opting for prenups. Why is that?
Forfeiting the prenup puts your post-marriage assets under the control of local laws. Here's what happens when you don't get a prenup before marriage...