Financial independence even amongst married couples is a practice that is slowly becoming more common. The ability to hold money or assets that is separate from your spouse’s is a sign that each of you are equally capable of supporting yourself, and that you each hold a certain amount of power when deciding how your assets will be handled. A prenuptial agreement reflects the confidence of each spouse in his or her financial independence. The provisions in such an agreement identify which assets will go to the sole ownership of one person, and which would be shared between the two in the event of a divorce. If a prenuptial agreement was drawn and signed by both parties, then the divorce can go much more smoothly since only shared assets and child support (if there are minor children involved) will have to be decided by the court. The rest will follow the signed contract.
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