I can see both sides of this issue. I like what rogue49 said. At the same time, sixate's comment of only 20% happy success rate is also convincing. And keep in mind your friends are only 26 and 21. They are going to be completely different people when they're 40, 50, 60.
I think pre-nups are really individual. For your friend, I would suggest not just letting the subject go or either giving in, but seeing this as an oportunity to see how they resolve differences. If I were them with collectively more than $2 million, I would seek some outside help. I would make an appointment with both a lawyer and and a marriage councellor. This way they would both really explore their own positions and communicate with each other. The professionals will also take blame for the hard positions and ask the hard questions.
If the pre-nup gets carried forward, she will probably need her own lawyer where she will receive her own protection. (if I were him, I would probably pay for all legal fees so she doesn't feel pressured). Pre-nups can be anything they agree on. Let them figure out what feels fair instead of the court.
This all may cost a few grand, and even if it means the end of the relationship (no marriage), its money very well spent.
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