Question: James in Tennessee asks Dave why he doesn’t like prenuptial agreements. He’s considering marriage, and he owes $50,000 on a home worth $120,000. Dave is happy to explain his stance on prenups.
Answer: I would not do a prenuptial agreement in this case. The number of people hitting on people for $120,000 is almost zero. The only reason I would ever bring a prenuptial agreement in is if one person has $2 million and the other has nothing. Usually, the person with the money is fairly normal, but sometimes the $2 million can attract weirdoes.
In the case of two folks who are financially regular people, then you need to love her more than you love the house, or you shouldn’t marry her. It’s not about emotions, it’s about commitment. You are saying that you will take her in sickness and in health, for richer or poorer, ’til death do us part. She is a 10 and the house is a three.