Prenups for Breadwinning Women: 4 Pitfalls to Avoid

Protecting the assets you bring into your marriage takes some planning. Take some time to do it right.

A couple link their pinky fingers together.
(Image credit: Getty Images)

Breadwinning women are creating a new fairytale, casting aside the anti-feminist stories of Cinderella and Snow White, and re-creating their own version of Prince Charming. He is her equal in all ways, except that she typically has more assets, including bank balances, brokerage accounts, 401(k) savings, stock options and real estate. If she is an entrepreneur, she has harder-to-value and often lucrative assets, such as a business, intellectual property and recently signed or soon-to-be-executed contracts.

As the number of women out-earning their partners has increased to include more than a quarter of all marriages, more and more couples are insisting on drafting prenuptial agreements before the big wedding day. According to a survey a few years ago of the American Academy of Matrimonial Lawyers (AAML), 63% of divorce attorneys say they have experienced an increase in requests for prenups. With more women in the workforce, 45% of attorneys saw an uptick in the number of women responsible for alimony payments, which has led to an increase in women initiating drafting a prenup in recent years.

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Stacy Francis, CFP®, CDFA®, CES™
President & CEO, Francis Financial Inc.

Stacy is a nationally recognized financial expert and the President and CEO of Francis Financial Inc., which she founded 15 years ago. She is a Certified Financial Planner® (CFP®) and Certified Divorce Financial Analyst® (CDFA®) who provides advice to women going through transitions, such as divorce, widowhood and sudden wealth. She is also the founder of Savvy Ladies™, a nonprofit that has provided free personal finance education and resources to over 15,000 women.