What is “Savoring” and How Can it Help You Build Wealth?
You’re in love. But, you also have a financial plan. Or, their entire family have signed prenups and they have to sign one. Who do you ask for an objective opinion?
We did some research for you. We spoke with people that have signed a prenup and some that decided not to. They gave us their top pieces of advice and mistakes to avoid.
1) Should you get a lawyer or use an online template?
This advice is especially important if you don’t have experience working with a lawyer.
2) Having the conversation and agreeing on the “main pieces”
Even if you don’t end up signing a prenup, you likely want to agree on how you will plan your finances together, and what happens if one of you decides to take time off work for the family.
** pro tip, try reading these negotiating books before having the talk: Never Split the Difference, Getting to Yes
3) What do others include?
Remember, you don’t have to include everything right away. What isn’t contracted for can be an amendment afterwards. The key is really getting the main points in contract.
Here’s a more exhaustive list of what prenups include, but yours doesn’t have to include them all.