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In this video tutorial, the importance of a prenuptial agreement is discussed, particularly in light of rising divorce rates, with about one-third of first marriages and nearly half of second and third marriages ending in divorce. A prenuptial agreement is a private contract between two individuals intending to marry, detailing how assets and debts will be allocated in the event of divorce or death. The video aims to provide basic information to help viewers determine if a prenuptial agreement is suitable for them. It emphasizes that without such an agreement, assets may be divided according to state laws, which may not align with the couple's intentions.
