When should you do a prenup?

Answer

A prenuptial agreement, or prenup, becomes particularly crucial under certain circumstances. If you find yourself significantly wealthier than your partner, a prenup serves as a protective measure for assets acquired before the marriage, ensuring they won't be evenly distributed during a divorce. 

Additionally, if you foresee an increase in your assets, such as through inheritance, investments, or career advancements, a prenup can delineate these future gains, safeguarding them from the marital pool. 

Entrepreneurs looking to shield their businesses from potential claims during a divorce can also benefit from a prenup, as it helps to separate business assets from other marital property. 

Furthermore, if you wish to safeguard a specific inheritance intended for someone else, like children from a previous relationship, a prenup provides the necessary legal framework. Lastly, when foreign laws might impact asset distribution in a divorce, a prenup becomes a vital tool to protect your assets from being subject to regulations outside your home country. In these scenarios, a well-crafted prenuptial agreement serves as a proactive and prudent measure to address potential financial complexities in the event of a divorce.