Hollywood sweethearts Chris Pratt and Anna Faris announced via social media this week that they are legally separating after eight years of marriage.
— Anna Faris (@AnnaKFaris) August 7, 2017
Legal experts told FOX News that if the pair didn’t have a prenuptial agreement in place a divorce could be a “financial disaster.”
And while “prenups” are often thought to be just for the rich and famous, 62% of divorce attorneys from the American Academy of Matrimonial Lawyers have seen an increase in the pre-wedding legal document over the past few years.
This comes as, according to the National Center for Health Statistics and U.S. Census Bureau, marriages lasting “happily ever after” seem to be on the decline. Divorce rates for adults ages 50 and older has roughly doubled over the past 25 years, and for those married couples younger than 50 it is about twice as high.
Mary Gurganus, founder and managing partner at Triangle Divorce Lawyers, said with that being the case, it makes sense for all couples – not just the wealthy — to consider getting a prenup before saying “I do.” It can cost as little as $800, and run into the thousands, depending upon the complexity of the issues, according to DivorceLawfirms.com. While without a prenup, you could stand to lose a lot more if and when your bliss takes a turn for the unexpected.
Gurganus discussed what you need to know about prenups with FOX Business.
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Boomer: What is broken down on a prenuptial agreement?
Gurganus: A premarital agreement means an agreement between prospective spouses which is entered into before the marriage and which goes into effect on the date of marriage. It is a contract that states what is “his,” “hers” and “theirs.”