The Pre-Nuptual Agreement
Pre-nups go far beyond contemplating if divorce might one day be in your future. While generally pre-nups are considered in terms of possibly breaking up, there is much more to consider when choosing whether or not to enter into a pre-nuptial agreement.
There are three main benefits we saw would come from a pre-nup:
1) It puts your financial future in your hands rather than in those of the state. Pre-nupts allow you to determine your financial future in the event of a divorce, death, or the possible involvement of kids (in the post DINK world of course).
2) The process allows a couple to really delve into financial matters before marriage intertwines this even further. It gives a space to discuss financial priorities, current & future financial situations, possible scenarios for kids, debt, expenditures, goal making and so much more.
3) It offers the couple security in a number of ways, by: setting up expectations for the couple's financial relationship, reducing discrepant views of finances that would likely result in conflict, allowing for equity with non-financial inputs (i.e. having kids or going back to school), and in the event of a split neither person is without the protection of having set up an equitable agreement to begin with.
The best reource that we found on the subject (far more valuable and less costly than our lawyers advice) was the book "What to Do before I Do", by Nihara K. Choudhri. This covers many different scenarios and allows a couple to decide if a pre-nup is right for them. We both read this before meeting with our lawyers and it was an invaluable resource that I highly recommend. While getting into some of the details certain took some effort, we both found it worth while in the end.
Miel
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3 comments:
Nearly 70% of all marriages that end are due to financial stress. Add to that crushing statistic that divorce has not only become acceptable, but nearly inevitable! Why? Because we as a society don't take the time to do the work up front to ensure lifelong happiness. In fact, many smart, single girls revert back to schoolgirl fantasies once the ring goes on their finger. Faster than their guy can get up off of bended knee, these girls are pulling out the bridal magazines and obsessing over napkins and cake flavors. Combining two well-lived lives requires as much attention, more in fact, as planning a fairytale wedding. So Every Single Girl's Guide To Her Future Husband's Last Divorce is my contribution to all future second wives out there so they can learn the ropes without getting in the ring. We owe it to ourselves and our families to protect our ASSets!
Nearly 70% of all marriages that end are due to financial stress. Add to that crushing statistic that divorce has not only become acceptable, but nearly inevitable! Why? Because we as a society don't take the time to do the work up front to ensure lifelong happiness. In fact, many smart, single girls revert back to schoolgirl fantasies once the ring goes on their finger. Faster than their guy can get up off of bended knee, these girls are pulling out the bridal magazines and obsessing over napkins and cake flavors. Combining two well-lived lives requires as much attention, more in fact, as planning a fairytale wedding. So Every Single Girl's Guide To Her Future Husband's Last Divorce is my contribution to all future second wives out there so they can learn the ropes without getting in the ring. We owe it to ourselves and our families to protect our ASSets!
my first wife and I started out broke and after accumulating a couple of assets she cleasnd out the bank one day and spent my entire savings on her lawyer- I went into court alone, got beat up and when I left I never looked back. now with assets of 3 million plus you bet I have a pre-nup. my wife is a queen, with a huge castle and super nice perks- I dont know if the pre-nup changes anything but we are happy and I sleep great at night!
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