Prenuptial agreements, or “Prenups” as they are commonly referred to, are not just for the ultra-rich or elite. You don't have to be Britney Spears to benefit from a premarital agreement. In fact, a person who has managed to save $25,000 may have more incentive to protect their savings than someone who has millions of dollars.
The prenuptial agreement helps to define a couple’s property rights before the marriage. Without this agreement, in the event of a divorce state law will establish each party’s financial rights and obligations, and a surviving spouse’s property interest in a deceased spouse’s estate. For some, defining each spouse’s property rights prior to entering a marriage is preferred to leaving such determinations up to the courts later.