As divorces become more and more common, more and more people are suffering substantial losses without proper protection.  We often see reports of celebrity divorces in the tabloids, and it's surprising that more of these famous couples don't have prenuptial agreements, considering the amount of money and property they possess.   Last year, as Kelsey and Camille Grammer's divorce went public, the Frasier star reportedly was ordered to pay $50 million to his wife of 13 years in a divorce settlement, according to MSNBC.  Meanwhile, Katie Holmes and Tom Cruise's 2006 marriage agreement awards Holmes with $3 million for each year they are married. 

While many of us will never reach settlements similar to those of popular celebrities, ourBirmingham divorce lawyers still urge those thinking about marriage to consider a premarital agreement if significant assets are at stake. Failure to do so can result in tremendous losses during a contentious divorce battle.

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Half of all marriages end in divorce, and yet most enter into the union with nothing but a ring and a promise. Meanwhile, we don't even buy a car without a written contract.

A prenuptial agreement can be less hassle than you think and can provide for some much needed security and peace of mind.  To get started, you would typically want to look at business, inheritance, property and earning potential details.  Liabilities can include anything from credit-card debt to student loans.  These liabilities are sure to affect the couple both during, and potentially after a marriage.

 As previously discussed on our Birmingham Divorce Lawyer Blog, Alabama divorce was at a rate of one-third higher than the rest of the country.  As reports, between 40 and 50 percent of first-time marriages end in divorce.

Here are five simple steps to help you figure out if a prenup is right for you:

-Discuss the matter long before the wedding.  It is advised to discuss these matters as early as six-months to a year before the big day.  Make sure both parties have time to review it. 

-Leave your emotions behind.  When discussing one of these agreements, focus strictly on numbers and assets.

-Having problems starting the conversation?  Start it off with a small conversation about taxes.  No matter what you use to bring up the important topic, just make sure you do it.

-Be sure that your agreement is enforceable and reasonable.  Establish goals and lay out exactly what each spouse gets in the event of a separation.

-Be sure to consult an attorney.

If you are currently going through a divorce or need to discuss a prenuptial agreement, contact Birmingham Divorce Attorney Steve D. Eversole at 1-866-831-5292 for a confidential consultation to discuss your rights.