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Prenup - Page 3

post #31 of 39
8/21/07 at 10:48am
It's pretty laughable the advice coming from young non-lawyers who are unmarried.

I am unmarried, but my understanding of the legal side of things is that it makes things a lot less messy even in jurisdictions that apply more scrutiny. As the OP already mentioned, it should be looked at like health insurance in that hopefully you never need to use it but it will make things more bearable in the event of a divorce. I have never done any divorce work, but based on what I have heard I can only imagine that having a prenup saves everyone a lot of grief-- especially the children.
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post #32 of 39
7/15/10 at 3:07pm
Quote:
Originally Posted by Kai View Post
I don't have one.

When we got married, we were both young and poor. I can't see any reason for a pre-nup in such a circumstance.

If you are an older, wealthy person it probably makes sense, but for two people just starting out, it seems unseemly.


Bumping this 3 year old thread


Can someone explain the rationale behind the comment above? I guess Im confused about what a pre-nup is, but why would you NOT want one, even if you have no money going into it? It covers more than just assest acquired before marriage, correct? What all can you make a contigency for in a pre-nup?


I'm not for marriage but if I was I'd be pro pre-nup simply because 50% of marriages end in divorce. No one thinks they will get a divorce but when they do I wouldnt want things to get messy.
Of course, its not romantic but neither was 4 year long, knock down, drag out divorce battle my parents (and their rich lawyers) had.
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post #33 of 39
7/15/10 at 3:13pm
Being young and poor, he didn't forsee the need for a prenup. FWIW, a prenup doesn't assure that things wont get messy.
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post #34 of 39
7/16/10 at 8:23am
Most prenups define assets that the parties are bringing into the marriage and segregate those from assets that are accumulated during the marriage. The pre-marriage property is usually deemed segregated property that is not spit between the parties in the event of a divorce. If the parties have no assets they are bringing into the marriage, one of the main reasons for parties entering into a prenup is not present.

I would guess that most prenups are entered into by persons who have been previously married and divorced.
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post #35 of 39
7/16/10 at 11:04am
Quote:
Originally Posted by carlhuber View Post
I'm married. Didn't do a prenup. Because we're not getting divorced. The people who feel the need to have prenups signed end up needing them.

I wish you all the best in that, but I've learned plenty of times to envision many scenarios. Once things turn ugly, they do so quickly and you'll beat yourself up for not protecting what you could.
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post #36 of 39
7/16/10 at 4:32pm
Quote:
Originally Posted by rlx View Post
Most prenups define assets that the parties are bringing into the marriage and segregate those from assets that are accumulated during the marriage. The pre-marriage property is usually deemed segregated property that is not spit between the parties in the event of a divorce. If the parties have no assets they are bringing into the marriage, one of the main reasons for parties entering into a prenup is not present.

I would guess that most prenups are entered into by persons who have been previously married and divorced.

so basically if you're poor dont even bother with a pre-nup? is that what you're saying?
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post #37 of 39
7/16/10 at 4:35pm
Quote:
Originally Posted by Davidko19 View Post
I'm not for marriage

Pretty much all you need to know. The rest of your presuppositions and conclusions flow naturally from that premise.
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post #38 of 39
7/16/10 at 4:47pm
Ask Tiger how not-messy prenups make divorce.

I'm youngish and poor and maybe a naive romantic, but I can't imagine asking a woman to sign a prenup.
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post #39 of 39
7/16/10 at 4:51pm
Prenups can be necessary in certain instances; e.g. they are probably the smart thing to do in any case where business assets are involved.
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