What You Can Do With A Prenup...
In addition to the reasons listed so far, there are countless other uses for a prenup, depending on your circumstances. Here are some examples of other matters people include in their prenups:
- whether to file joint or separate income tax returns or to allocate income and tax deductions on separate tax returns
- who will pay the household bills -- and how
- whether to have joint bank accounts and, if so, how you will manage them
- agreements about specific purchases or projects, such as buying a house together or starting up a business
- how you will handle credit card charges -- for instance, whether you will use different cards for different types of purchases, what kinds of records you will keep, and how you will make payments
- agreements to set aside money for savings
- agreements for putting each other through college or professional school
- whether you will provide for a surviving spouse -- for example, in your estate plan or with life insurance coverage, and
- how to settle any future disagreements -- for example, you might agree to hire either a mediator or a private arbitrator.
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