{"id":537,"date":"2011-08-19T00:16:49","date_gmt":"2011-08-19T00:16:49","guid":{"rendered":"http:\/\/scoresbyfamilylaw.com\/blog\/?p=537"},"modified":"2019-11-23T22:26:42","modified_gmt":"2019-11-24T05:26:42","slug":"for-love-or-money-do-you-need-a-prenup","status":"publish","type":"post","link":"https:\/\/scoresbyfamilylaw.com\/blog\/2011\/08\/19\/for-love-or-money-do-you-need-a-prenup\/","title":{"rendered":"For Love or Money: Do You Need a Prenup?"},"content":{"rendered":"

\"\"<\/a>I recently went to lunch with a\u00a0 former divorce client of mine who I now also consider a friend.\u00a0\u00a0 I’ll call him John.\u00a0 As part of his divorce settlement,\u00a0John was required to pay a substantial sum to his ex-wife to buy her out of his business.\u00a0 During our lunch, John told me he is now dating a wonderful woman who he cares for very much.\u00a0 I’ll call her Lisa.\u00a0 John and Lisa have talked about getting married.\u00a0 It would be\u00a0John’s second marriage and\u00a0Lisa’s third.\u00a0 Given his experience in his first marriage and the reality that second (or third) marriages fail even more often than first marriages, however, John is reluctant to tie the knot without getting a premarital agreement in place to protect his business.<\/p>\n

John told me that when he raised this issue with Lisa,\u00a0she was hurt.\u00a0 If John really loved her and was committed to her, why would John want her to sign a premarital agreement?\u00a0 Is he already planning to divorce her?\u00a0 John, on the other hand, is hurt that Lisa won’t<\/em> sign the prenup.\u00a0 They aren’t raising children together.\u00a0 He’s not asking her to quit working and stay at home so he can advance\u00a0his\u00a0own career at the expense of hers.\u00a0 She’s supporting herself now and not relying on him.\u00a0 So if this is about love and not money, why wouldn’t<\/em> she sign the prenup?<\/p>\n

Who is right in this situation?\u00a0 If John really loves Lisa and intends to form a lasting relationship with her, should he ask her to sign a premarital agreement?\u00a0 If Lisa loves John for him and not for his money, should she refuse to sign the agreement?<\/p>\n

If you are reading this post, you probably have an opinion, and I suspect your opinion surprisingly does NOT hinge on whether you are a man or a woman.\u00a0 Instead, I suspect your opinion hinges on whether you view yourself as a person who would go into a marriage with income and assets to protect or not.\u00a0 John feels the way he feels because he has an asset, his business, which he wants to protect.\u00a0 Lisa, on the other hand, brings no real assets to the table.\u00a0 She has only modest\u00a0income, and\u00a0she doesn’t have an asset that she could stand to lose in the event her marriage to John doesn’t work out.\u00a0 A premarital agreement does nothing for Lisa; it only helps John.<\/p>\n

For couples considering marriage, broaching the subject of a prenup will always be awkward at best.\u00a0 Surely many a relationship has been stopped in its tracks by one party’s insistence on a premarital agreement.\u00a0\u00a0 Given the reality of today’s high divorce rates, however, especially in second marriages, individuals with assets and income to protect are advised to enter into a comprehensive premarital agreement drafted by an experienced matrimonial lawyer before saying “I do.”<\/p>\n

Copyright \u00a9 2011 by Scoresby Family Law \u2013 J. Kyle Scoresby, P.C. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"

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