Many states offer an alternative to divorce that is commonly known as "legal separation." Legal separation allows spouse to live apart but to not actually file for divorce. Where available, legal separation may be preferable to divorce for any number of reasons, ranging from health care coverage to income tax savings. Usually in a legal separation, the rights, duties and obligations of each spouse, as well as how property will be divided is laid out in a legal document.
While no couple actually needs a prenuptial agreement to satisfy the requirements of the state's marriage statute, many couples can benefit from having these important documents in place prior to formalizing their relationships through marriage. To that end, any couple, from the very rich to those of modest means, may benefit from signing a prenuptial agreement before entering into a marital union.