There’s one simple thing that typically makes a prenup more likely: significant assets. At least one person has a lot of money and other assets saved up, and he or she wants to protect them in case a marriage goes south.
Some reports, though, have indicated that timing could also play a big role. Couples who decide to rush their weddings and get married sooner than they originally expected to tie the knot could also be more likely to get a prenup. Since they may not have as much time to think about the union and make sure it’s the right decision, they want to have paperwork in place to protect themselves in case it’s not.
Specifically, one report looked at couples who were getting married when one person was a U.S. citizen and the other was from overseas. The marriage can help eliminate deportation fears, which have been on the rise. Some couples who thought they would wait to get married reported speeding things up — one couple got married a year early — after the presidential election.
One thing that is important to note is that rushing can be problematic with a prenup. It needs to be drafted well before the wedding and neither party can be under duress. A rushed ceremony could be viewed as evidence of duress, especially if there is a threat of deportation, and this could mean the prenup gets thrown out.
These are important considerations when drafting a prenup. If you’re thinking of using one for any reason, make sure you fully understand the legal process.
Source: Boston Globe, “Immigration fears lead to sped-up weddings — and prenups,” Katie Johnston, accessed Sep. 01, 2017