I wrote in the past about money and marriage where I cited a New York Times article. Recently for Valentine’s Day, the Wall Street Journal ran an article to discuss the financial questions to ask after saying “I will” and before saying “I do”.
The article recommends that couples learn about each other’s (1) assets and liabilities, (2) money history, (3) outlook on financial duties, and (4) organizational goals regarding money.
All these are great suggestions along with the New York Times article but what they don’t mention is that a prenuptial agreement is the perfect instrument to facilitate this talk. Whether a couples has money or don’t have money, a prenuptial agreement forces the couples to divulge their assets and liabilities and in the course of talking about finances, you will inevitably discuss each other’s financial history and each other’s outlook on how to handle money.