Planning a wedding? Or an elaborate party for your child’s first birthday? Maybe a milestone birthday for your spouse? You’re probably hiring vendors either without a contract or without reading the contract before you sign. While most vendors are legit, here’s what to look for in vendor contracts in case of a disastrous experience.
The prenup. That dirty little word. In all honesty, before I went to law school, I had the same reaction. “Why are people getting married if they’re preparing for divorce?” But if you think about it from a different perspective, it starts to make more sense. You don’t buy homeowner, car, or life insurance planning to need it. It’s there in case the unexpected happens. Just like estate planning, you hope you won’t need to utilize the documents (at least in the short term when it comes to estate planning). But being prepared can save the headache–and a hell of a lot of money–down the road. Unlike an estate plan, which everyone needs in some form, not everyone needs a prenup. So how do you know if it is right for you? Here are a few considerations.