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More prenuptial agreements are being initiated by women

When prenuptial agreements first came on the horizon, they were generally used by wealthy men marrying women with few assets because they wanted to protect their wealth in the event of a divorce. Now, with more women in high-paying jobs, it's becoming more common for them to be the ones asking for a prenup before they walk down the aisle.

Even women who may not be making a lot of money when they marry, perhaps just out of law school, medical school or after getting an MBA, are smart to look down the road and consider that during the marriage, they may earn considerably more than their spouse. For some women working in the tech industry, fortunes have been built in a relatively few years or even less.

One family law attorney notes that women who did ask for a prenup in the past were more likely to do so to protect themselves in a divorce because they had fewer financial resources than their husband-to-be. Now they're more often doing it from a position of power.

Of course, prenups can benefit both spouses, regardless of their individual financial situations at the time they marry. No one can predict the future. There can be one or more reversals of financial fortune throughout a marriage. Protecting property and assets and perhaps requiring some type of spousal support are common issues addressed in prenups.

It's essential to remember that a prenup is only worthwhile if it's prepared correctly. That's why if you're in New York, it needs to be drawn up by an experienced family law attorney who knows the state laws and can work to ensure that it cannot be challenged in court.

That's one reason why most attorneys recommend that each person has his or her own attorney review the prenup before it is signed. This can help prevent one spouse from saying that he or she was coerced into signing the agreement or didn't understand the terms laid out in it. A good prenup helps protect the interests of both people as they go into a marriage, regardless of what the future holds.

Source: Bravo, "More Women Than Ever Are Making Men Sign Prenups," Marianne Garvey, July 19, 2016

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