Quote from: Ravynous Elegance on July 09, 2007, 11:11:02 AMI kind of think that a prenup is becoming a normal part of wedding planning...You have to be kidding me. Considering a prenup or getting one? I highly doubt that getting a prenup is a normal part of wedding planning. Maybe in Cape Cod, the Hamptons, NY society pages. But, no way for the majority. A) most people don't have the assets to even make it a consideration. B) It's does imply planning for the worst and most newly weds simply don't want to even admit the possibility.
I kind of think that a prenup is becoming a normal part of wedding planning...
There are no statistics on how many prenuptial agreements are written, probably because they do not need to be filed until they're enforced, attorneys say. But here's a hint: The best-selling book in Amazon.com's marriage category in 1999 was "How to Write Your Own Premarital Agreement."
There is no set formula for what ought to be stipulated in a premarital agreement, Woodhouse says. However, for any such pact to be valid, you need three things:* First, you must give adequate notice. You cannot present a premarital agreement to your prospective spouse in the limousine on the way to the wedding and expect it to hold up later, says Monica Braun, an attorney and a financial advisor with American Express Financial Advisors in Long Beach. Both parties should have a chance to carefully consider the document and have it reviewed by their attorneys.* The second absolute requirement is disclosure, attorneys say. Not only must both parties list their respective assets, but they need to show each other documents, ranging from credit card bills and tax returns to brokerage statements and pension print-outs, detailing what they have and what's being keep separate. In fact, if you write your own premarital agreement, Michigan attorney and "Premarital Agreement" author Edward A. Haman suggests that you attach these documents to your contract.* The third essential is a marriage plan or "statement of intent," Woodhouse says. This should spell out who the parties are, what they bring to the marriage and what they intend to share. Anything that's precious and requires protection should be included. There is no formula for this step, attorneys say. However, it is important to contemplate whether you and your spouse plan to have children and whether one of you will stay home with them, Woodhouse says. How will the couple handle money when one is no longer earning an income?
QuoteThere are no statistics on how many prenuptial agreements are written, probably because they do not need to be filed until they're enforced, attorneys say. But here's a hint: The best-selling book in Amazon.com's marriage category in 1999 was "How to Write Your Own Premarital Agreement."
I'm going though a divorce right now, (for the past year) and we didn't make that much money.. I was in school full-time and taking care of a baby, and he was in the military.. But now that he is refusing to pay child support.. I kinda wish we had a prenup so I could make him suffer more, knowing that he owes ME money...hahaa
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