The True Purpose of Prenups - "I think people think of prenuptial as Just planning for divorce. But all marriages end in one of two ways, divorce or death. And so where I find that some agreements fall short is in planning for the second scenario, whichever it is." - Larae SchraederLet’s be honest—talking about prenups with a partner, friend, or family member can feel uncomfortable and sticky. The conversation is often laced with worries about trust, fairness, and what it means for a relationship. That’s exactly why we felt it was important to bring clarity to this conversation. To help us do just that, we invited Larae Schraeder, an award-winning attorney from Schraeder Law, who specializes in estate planning, probate, and elder law. Larae brings a wealth of experience, with her background in both law and financial services, making her perspective especially valuable for this topic.We explore the ins and outs of prenups and postnups, why open conversations about finances are critical before tying the knot, and how these legal documents can go far beyond just preparing for divorce. From protecting children and business interests to navigating new changes in Ohio law, this episode is packed with practical advice and personal stories to help couples (and their families) prepare for whatever the future may hold. If you like this episode, please let us know. We appreciate the feed back, and your support of offset costs of producing the podcast!5 Keys You’ll Learn from This Episode:Why talking finances before marriage is a must—even if you’re not Bill Gates (spoiler: it’s about all relationships, not just the rich ones).What a prenup really covers—it’s not just about divorce, but also what happens when marriage ends by death.How enforceable is your napkin agreement? (Hint: Notarization, signatures, and full disclosure are everything!)The lowdown on postnups—did you know Ohio just updated its laws, making postnuptial agreements an option for couples already married?Myths vs. reality: Prenups aren’t just about protecting yourself—they can also protect children, address business ventures, and even outline how to handle unexpected windfalls (hello, surprise royalties or farm booms!).Moments04:55 Notarization for Real Estate Promises06:52 Prenups: Beyond Divorce Planning10:54 Undisclosed Assets in Divorce Settlements15:24 Marital Agreements and Estate Planning16:53 Prenuptial Agreements: Motivations and Considerations20:43 Prenup Considerations for Unique Needs23:14 Medicaid Impact on Long-Term Care26:06 Updated Divorce Agreement Strategies30:06 Contracts Beyond Marriage: Versatile Agreements32:29 Podcast Insights with Larae SchraderWe would love to hear from you.Give us your feedback, or suggest a topic, by leaving us a voice message.Email us at [email protected] us on Bluesky and Facebook.Please review our podcast on Google!And of course, everything can be found on our website,

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