finangle

If you have illiquid assets, I think it is more important for you to have a prenup. Say if you have a one million dollar house and run a business that is also worth one million, you might want to give your spouse the house and keep the business for yourself in the prenup. After all, you do not want your spouse who knows nothing about your business to have 50% interest in it. And it saves the headache of having to sell the house and split the proceeds in a divorce.

In California the divorce rate is a whopping 70%!

Indeed! There are also people who choose to not get married because of tax reasons. I will write another article on the tax benefits and tax disadvantages on getting married. Stay tuned!

You are right that some prenups are not enforced, for example, if one spouse can show that there is not a full disclosure of the other spouse's assets in the prenup, she was not represented by an attorney in signing the prenup, or she was not given enough time to review the prenup before signing it.