Prenuptial agreements serve an important purpose for married couples, especially when one or both individuals have valuable assets to their name. If Frances Bean Cobain -- the daughter of the late Kurt Cobain -- had a prenuptial agreement, it appears that some property issues were not adequately addressed. Because of this, a valuable family heirloom has taken center stage in her divorce proceedings as her ex claims it was given to him as a gift.
Planning for the future often requires people to anticipate many possible outcomes, both good and bad. While individuals are often apt to plan for lost income or potential future medical expenses, many still resist planning for the possibility that a marriage might not last a lifetime. A thoroughly negotiated prenuptial agreement allows couples to plan for a possible divorce even if that event never occurs.