Should you get a prenuptual agreement?

all_in_lam · #1 06-20-2006, 10:30 AM

This conversation came up the other day and wondering what people's views are on this topic.

and should it matter if one person is richer?

Wada · #2 06-20-2006, 12:33 PM

Its a good idea, so long as the other agrees to it and its not brought on by pressure. Meaning, sign it or else. Money should not matter, being wealthy or poor should not matter. It's all about protecting your assests, ie. protecting your hand.

Also its spelled "prenuptial"

PokerAce · #3 06-20-2006, 12:55 PM

YES! Most marriages fail, that's a fact. It's better to discuss this before things fall apart and it gets emotional.

Sparta45 · #4 06-20-2006, 01:03 PM

If you own any sort of family business, definitely yes. If one person (husband or wife) has a lot of money, probably yes. If both people are without signficant assets and/or just starting out in life (such as just graduated college), it's probably not a big deal.

Gildwulf · #5 06-20-2006, 01:52 PM

What about if you don't have a lot of assets (say 30-40k) but you stand to inherit a significant amount in 20 years (400-500k). Prenup on your parents' stuff?

Wada · #6 06-20-2006, 02:50 PM

I'm not a lawyer, but have recently looked into getting a prenuptial. According to the lawyer he said that inheritances will not apply. They are still consider sole and separate property, unless you deposit it in your joint account, keep it there for a while. As time passes it will then be easy for her to argue that she has been using the inheritance with you to purchase things. A prenuptial is basically a contract. So it would depend on how its worded.

Blowup Doll · #7 06-20-2006, 04:13 PM

[ QUOTE ]
YES! Most marriages in certain countries fail, that's a fact. It's better to discuss this before things fall apart and it gets emotional.

[/ QUOTE ]

FYP

Banks2334 · #8 06-20-2006, 08:10 PM

Yes, even if you don't have anything right now, you hopefully will in the future and you need to protect yourself. Don't fall for the "its not romantic" line. Marriage is a contract and you need a prenup(contract) to protect yourself. You'll see how quickly things become "unromantic" once divorce papers are served.

killphilNI · #9 06-20-2006, 08:18 PM

I think that people who's family have a lot of money deserve inheritance/businesses etc to be protected. People who have made their own business/livelihood also deserve to have it protected.

Other than that, I don't like the idea. When I get married I intend it to be for life.

Banks2334 · #10 06-20-2006, 08:36 PM

[ QUOTE ]

When I get married I intend it to be for life.

[/ QUOTE ]
So do most people. But it doesn't work out that way. If you were asked to enter into a business venture that had a 50% chance of failure, you'd be crazy not to protect yourself. But because you're "in love" and think you've got "the relationship" you're willing to roll the dice. Hope you enjoy moving back in with mom and dad when she takes everything you've got.