"Unromantic, but important." At least that's what a recent USA Today article had to say about prenups. According to the story, which pictures Elin and Tiger Woods as a weighty reminder of when marriages fail, Suze Orman and Elizabeth Gilbert, author of Eat, Pray, Love, also advocate a prenuptial agreement as a way to protect yourself.
If you think protecting yourself from your spouse sounds a little contradictory, you're not alone. While prenups have gained more acceptance, only three percent of people with a spouse or fiancé have a prenuptial agreement, according to a recent Harris Interactive survey. But in response to whether prenups make smart financial sense, 36 percent of people polled agreed, and 15 percent of divorced people reported regret for not having a prenup drawn up, according to the Harris survey.
When it comes down to it, there's good reason to put a prenup in place. It ensures any money you're bringing into the marriage stays with your family if the marriage doesn't last. Other prenuptial agreements go so far as to "address issues such as adultery, frequency of intimacy, limitations of weight gain, the scheduling of housekeeping and provisions for pets," reveals attorney Eskind Moses. All in all, prenups offer a level of protection, but obviously can impose a fair amount of limitations — not to mention that it can feel a little strange to prepare for divorce when you're planning your wedding. Even if you've never been on the giving or receiving end of one, you likely have your feelings about prenups. So tell me, is getting a prenup a do or a don't?