This Prenup Coach Is Showing Women How to Secure the Bag Before Saying ‘I Do’

Marriage isn’t something Latinas take lightly, and the thought of embarking on one without financial protection leaves some women cold. Enter The Prenup Coach, a fast-growing content creator who helps women navigate their financial needs.

Kaylin Dillon is offering women all the information they need before and after making financial decisions, including marriage.

In a video with over 18,000 views, Dillon explains many mind-blowing things you can put in a prenup. And most of them have nothing to do with divorce.

But first, what’s a prenup?

Prenups have had a bad reputation, with folks saying that only a distrustful person would want one. Well, that’s not truly the case. When today’s Latina looks toward marriage, she recalls all the stories of mujeres desamparadas. Those who were left with nothing after their macho decided he wanted to “take what was his” and walk.

Enough of that. Every woman deserves a secure future and foundation regardless of whether she is married, divorced, or single.

Carolina Leyva, Esquire of Marsicano + Leyva PLLC, explains to FIERCE that prenups and postnups are excellent tools for “financial security.” However, she acknowledges misconceptions exist within the Latina community.

“One of the biggest misconceptions about prenuptial and postnuptial agreements—especially in Latino communities—is that they are only for the wealthy or that signing one means you don’t believe in your marriage,” the Miami-based attorney begins.

Money has always been a touchy subject. But it’s essential to know who will handle what, especially if one partner earns more than the other. If both of you have student debt, it’s important to sort out how that will be addressed. This way, neither of you gets stuck paying the other’s debt. Figuring out what falls under yours, mine, and ours can relieve many headaches in the future.

Leyva continues, “In reality, a prenup or postnup is simply a tool to set clear expectations and protect both partners, no matter their financial situation. Another common myth is that these agreements only benefit one person, but a well-drafted prenup or postnup ensures fairness for both spouses.”

Enter The Prenup Coach

Kaylin Dillon goes further and explains many things you can put in a prenup. These include life insurance, for example. “You can set a life insurance requirement, and set rules for who will be responsible for certain expenses,” she adds. The Prenup Coach explains that, for example, if one person owns a rental, the other partner could put in a rule that says, ‘My paycheck is not going to be used to cover maintenance costs for my partner’s rental.’”

Furthermore, Dillon explains you can put estate wishes in your prenup. “One cool thing about that is that if your estate plans are in a prenup, one person can’t unilaterally decide to make changes to that estate plan. You both have to agree to amend your prenup.”

You can even add who will be responsible for income taxes during the marriage

Now, this is something we never thought about. The Prenup Coach explains you can divvy up taxes in your prenup, avoiding a common conflict during the marriage. You can even determine who will be responsible for what portion of the income taxes during the relationship.

“So, if one person is coming into the marriage making a lot more money than the other, and they’re about to bump the other up a tax bracket or multiple tax brackets, then you can stipulate that the partner with the higher income will be responsible for this increase in taxes on the other partner,” she explains.

Similarly, Hello Prenup adds that a clause can be added tackling filing statuses (joint or separate), indemnification (one person takes on the liability for failure to pay taxes), what happens to your taxes in case of divorce, and whether filing jointly creates community property.

Another thing you can add is childcare responsibility expenses

Did you know you can stipulate a contribution to a spousal IRA? Neither did we! The Prenup Coach explains that if you have children during the marriage and one person leaves their career to care for the family, the working spouse will contribute to a spousal IRA. This can be on an annual basis for that non-working spouse or a commitment to pay some sort of financial compensation monthly or annually.

“A prenup or postnup is simply a tool to set clear expectations and protect both partners, no matter their financial situation,” Leyva remarks.

Just because a woman willingly gives up her career doesn’t mean she gives up financial protection. Of course, not everyone who enters a marriage expects to make this decision, but this would be a great time to review an established prenup and update it with a postnup.

The stay-at-home parent can ask for a “wealth equalization clause,” a predetermined lump-sum payout in case of a divorce. They can also discuss alimony, property distribution to ensure their kids always have a roof over their heads, and contributions to a retirement fund during the marriage or time spent out of work.

“[Prenups and postnups] provide peace of mind, allowing both partners to focus on building a strong, healthy relationship without financial uncertainty hanging over them,” the seasoned attorney adds.

Other things you can add to your prenup

If, as many Latinos do, your family has a home you are set to inherit, you can also protect yourself through estate planning.

“If you expect to receive family wealth, a prenup or postnup can ensure that those assets remain separate and go to intended heirs,” Leyva explained to FIERCE. This way, a prenup ensures the property remains in the family.

And if you’re one of those Latinas making the country move forward, you can also protect your business. After all, we are the fastest-growing group of small business owners in the United States.

“If you own a business or plan to start one, a clause can ensure that your business remains your separate property, preventing complications in case of divorce,” Leyva asserts.

This is something that Vivian Tu, CEO and Founder of Your Rich BFF, took into account when she married “Boo.”

“So for our prenup, we went 50-50 on everything that we brought to the marriage, 50-50 on everything we’d earned during the marriage, and the only exception was a 100% carve-out of the equity in my business,” Tu explains.

She continues, “I built Your Rich BFF independently, so if we were to separate, I wouldn’t get to put his work experience on my résumé, so why should he?”

It’s all about getting informed and finding the guidance you need

Imagine everything our ancestors could’ve saved if they only knew the tools at their disposal. Finding the right lawyer and getting informed can go a long way. The best part? You can review your prenup after every milestone.

Think of the updating process like a yearly check-up—something mildly annoying but ultimately necessary.

Leyva notes, “As for reevaluation, it’s a good idea to review the agreement every few years or whenever there’s a major life change, like having children, starting a business, or inheriting assets.”

“Life evolves, and your agreement should evolve with it to reflect your current circumstances and goals,” she concludes.