Prenuptial Agreement: Smart Financial Move or Plan to Fail?

Is it still something that you need to have so they don't leave with half?

black married couple

"We want prenup!" But is it the right thing to do?

Two people meet. They date. They fall in love. They make a decision to get married. They begin going through the normal process of preparing for marital bliss. However, there is one element a lot more couples are entertaining as part of the marriage preparation process: prenuptial agreements.

Once reserved for wealthy athletes, entertainers or business people, prenuptial agreements are now finding themselves into the premarital process as a common topic of discussion for many of today’s couples. Why are they becoming more common?

As more men and women are waiting later in life to get married, each brings a lot more money and material wealth into the marriage relationship. According to a report published in Bloomberg Businessweek, the average age of the first marriage for men is 28.7 years of age, and 26.5 years of age for women. The delay in marrying allows each person to become experienced in their respective careers, while beginning to build home equity and retirement funds.

As a precaution against divorce, more men and women are opting for prenuptial agreements as a means for protecting what they bring into a marriage. Is this really a plan for failure? Or is this a smart financial move?

Many spiritual conservatives believe that prenuptial agreements are put in place as an easy way to opt out of the marriage in the event something goes wrong. Those with contrary beliefs simply want to protect whatever assets they enter into the marriage with. Which of these perspectives do you most agree with?

I bet we wouldn’t be having this discussion if people were marrying earlier and building lives as a team. However, times have changed, people are building individually and making decisions to protect their future. I also imagine that men and women on the wrong side of divorce settlements probably wish they had considered prenuptial agreements. A prenuptial agreement would have most likely protected against significant financial loss.

I see the pros and cons of both arguments. I used to align with the conservative view on prenuptial agreements, but realized it’s a non-issue until divorce is imminent. Prenuptial agreements protect against nasty, emotional and hurtful decisions/behavior usually present during divorce proceedings.

I’d love to hear your thoughts on this topic. Please leave your comments.

Kenny Pugh is a Life & Relationship Strategist, Author of ‘Can You Do It Standing Up?’, Speaker, Host of the Chat Kafe Radio Show, singles leader and sought-after speaker on singleness, relationships, finances and life. You can find more information about Kenny at You can follow him on Facebook at Kenny Pugh or on Twitter @mrkennypugh.