A prenuptial agreement is a contract between two people about to join in matrimony. It reads how assets will be distributed in the event of a divorce or death. A prenuptial agreement should be considered for your long term financial planning. It can protect you from financial ruins and can secure your childrens' financial future if you are getting married for a second or third time.

You should consider a prenuptial if you fall into any of the following categories:

1. You have assets such as a home, stock or retirement funds
2. Own all or part of a business
3. You are pursuing a degree or license in a potentially lucrative practice
4. You have children or grandchildren not from your present marriage
5. You may be receiving an inheritance
6. One of you are wealthier than the other
7. You foresee success i.e., signing a record deal.