Marriage and Money: Is a Prenup Right For You? with Terry Steen

In today's episode, we explore the often-misunderstood topic of prenuptial agreements (prenups). Joining us today is our esteemed guest, Terri Steen, an experienced family law attorney and mediator who has been practicing family law in Los Angeles since 2009. We'll explore the phases of prenuptial agreements, their impact on communication and empathy in relationships, and what makes for successful prenup negotiations. We'll also touch upon the importance of postnuptial agreements, legal obligations for immigrant spouses, and the complexities of commingling finances. And of course, we'll share Terri's personal insights and experiences that shed light on why prenups can be a vital tool for protecting individual assets and ensuring financial clarity in marriage. So, whether you're considering a prenup, navigating financial discussions with your partner, or simply curious about the legal and emotional facets of marriage and money, stay tuned—this episode is packed with valuable insights and practical advice. For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page. What You'll Learn in this Episode: The importance of have open money conversations early in your relationship The three phases of prenuptial agreements and how to navigate the potential emotional challenges How to talk about financial history and future financial planning in your relationship Why prenups should come from a mutual understanding The reason understanding legal obligations around finances and marriage is important in your relationship How to maintain separate properties and some of the rules around community property How often you should be looking and updating your prenuptial agreement A reason to seek legal counsel before marriage The fundamental principal to achieve financial stability while making sound financial decisions The stigmas surrounding prenups Stay Connected: Connect with Terry on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn  Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn