People in California who have been asked by a spouse-to-be to sign a prenuptial agreement might wonder why the other person is insisting on this document. Some friends might say that the prenup should not be signed at all. However, there can be advantages to signing a prenup for both parties.
The process of creating a prenup involves talking about finances and expectations around money. People have the opportunity to discuss how they will handle these matters as a couple. If they have significant disparities in income or assets, this is the time to address how they will be handled. The couple can discuss their attitudes toward saving and spending and what types of things they would prefer to spend their money on. This is also the time to decide if certain property will remain separate. A prenup can also protect partners from the debt either may bring into the relationship.