Prenups Popular Among Celebrities, Common Citizens

Jul 5, 2011 - LegalZoom News Sources
Prenups are common in all types of marriages

Marriage is a happy time in any couple's life. However, the possibility of a divorce appears to be weighing more heavily on prospective newlyweds, as prenuptial agreements are becoming more common, Fortune reports.

Historically reserved for the rich and famous, prenups have made their way to civilian marriages with many couples still worried about another financial crisis, according to the news source.

The article states the consequences of not having a prenup could be devastating depending on the laws of that state because of the rules governing marital property. This includes all income and property acquired during the marriage, as well as salaries and multiple benefits and other income.

"Clients are often appalled to learn that their retirement accounts do not belong to them alone," Arlene Dubin, a matrimonial attorney at Moses & Singer in New York City, told Fortune.

Prenups are still typically associated with celebrity marriages as Kim Kardashian's impending marriage to NBA player Kris Humphries has her protecting a reported net worth of $35 million.