Did you get engaged over the holidays? When a couple first gets engaged, there’s all this love in the air, and you dream that it’s going to stay that way.

Flickr user: numfoto

Finances are discussed as the couple plans out the rest of their lives together. But what if it doesn’t work out that way? Have you protected yourself just in case it doesn’t work out? Have you or would you consider a prenup or a postnup?

Prenups are not just for the wealthy - in fact, many young newly engaged couples probably have not achieved their wealth yet. This is especially true for young people starting out with nothing more than a college degree, or idea of what you want to do in their career. What if you make it and your spouse doesn’t? Would you want to part with half of the assets you bought if you end up getting divorced?  Arguments about money are a top predictor of divorce, according to a Kansas state study. Having a prenup or postnup in place could ease a lot of tension. If and when you’ve reached the point of divorce, the more tension you can ease, the better off you are.

Would you consider getting a prenup or postnup if you were getting married?