Even if you’re not Bill Gates or Warren Buffet, a prenuptial agreement is worth considering before you enter into a civil union.
Many people think that prenups are just for the rich, but that’s not true. No one knows what the future holds, so it’s wise to consider the financial and legal ramifications of entering into a relationship which might not last as long as you hope or end as well as you expect. The fact is that a marriage or civil union is a legally binding contract, which does not allow you to simply walk away from your partner afterwards without serious ramifications.
If you think your partner will be angry or unhappy if you suggest a prenup, maybe that should tell you something. If you think that only men want prenups, that’s old school. Both men and women are interested in protecting their assets, themselves and their futures.
The best way to think about a prenuptial agreement is to consider it like buying insurance. You hope you never have to use it. But if you do, you’re happy to have it. And, unlike health, homeowners, or auto insurance, there aren’t yearly premiums (which surely increase each year); it’s a one-time cost.