Post by Lingxiao Li
When Revlon chairman Ronald Perelman and actress Ellen Barkin made headlines with their prenuptial agreement recently, it was familiar: another famous bazillionaire couple who, it appeared, put money before love. But no more are those pieces of paper the sole province of the rich and famous, and no more are they just for people with no faith in their own marriages. In many circles today, a prenup is considered part of any good asset protection plan, like a will or power of attorney, not merely a Plan B for people who aren't sure they trust their spouse.
Today's prenup candidates are not only traditional ones--people entering second marriages who have children, retirement accounts, homes or businesses they want to protect. They're younger folks who've waited a little longer to get married and have accumulated substantial assets in the meantime, and they are people whose parents have done well enough to put the prenup question into play (think inheritances). A prenup can also help you avoid inflicting your credit-card, student-loan or other unsecured debts on your love.
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