Hollywood helped make prenups quite popular in recent years. Despite its new found popularity, bringing up the subject of prenuptial agreements can still open up a can of worms causing partners to question trust and honesty concerns.

According to a 2012 American Institute of CPAs survey, money is a big source of problem between couples. It is among the biggest reason for many bouts between couples which eventually leads to a divorce. Many wealthy investors however see advantages in prenups seeing them as a tool that can easily sort out disputes. 

Wealthy folks, those with at least $5 million in net assets, were recently surveyed by an investment site about prenups which found that almost all of them were in favor of having such legal documents before saying “I do.” In fact, over two-thirds of this exclusive group recommends preparing and signing prenuptial agreements to anyone looking to marry.

The survey also asked what advantages a prenuptial agreement presents. The respondents pointed out four major benefits namely asset protection, opens up discussions, protection for heirs and inheritors, and property division.

Of course, a prenup is designed to protect one’s assets and separates any liabilities acquired prior to marriage. On this end, it can do wonders especially in a property dispute ensuring a smoother sailing divorce. It also prevents spouses from acquiring these pre-marital assets should children be named as benefactors.

The survey also found that respondents believe discussions about prenups, as difficult as it may be, can get couples accustomed to talking about their finances. It allows for a frank and open discussion of money concerns, not just of assets but of all liabilities as well.

Prenuptial agreements are a thorny subject that many find intimidating to talk about. But if we consider the opinions of the wealthy and powerful, we will find that there are benefits to opening up discussions on the matter.