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Post by katlady on Aug 7, 2021 16:02:39 GMT
This question came up after reading an article. Would you agree or ask for a prenup? Would it matter if you were the one who had property/money/kids and he didn’t?
If I was young, in my 20’s, I might have been offended if asked to sign a prenup. I would think my future husband was already thinking this is not a forever marriage. As an older adult, I would probably want one. As you get older, and have more things, I think divorces get very tricky and messy. Especially with kids and pets involved. But I understand how a prenup can seem very unromantic.
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Post by cadoodlebug on Aug 7, 2021 16:15:32 GMT
If two older adults marry, each with kids from previous marriage(s), I think either a prenup or living trust spelling everything out is called for.
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Post by Patter on Aug 7, 2021 16:19:35 GMT
Our financial advisor is all for them regardless of age. He said it can be as simple as "You leave with what you came into the marriage with. I leave with what I came into the marriage with, and the marital assets are split 50/50." He said that a judge can feel sorry for one party and decide to give one of them 90% of the marital assets and just 10% to the other party. This protects from that. BTW, I have been happily married for 32 years, dated for 3, and we do not have a prenup.
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Post by femalebusiness on Aug 7, 2021 16:20:21 GMT
Depends. Are both starting out with nothing? No pre-nup. Have one or both acquired investments and cash before marriage, definitely a pre-nup.
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Post by busy on Aug 7, 2021 16:20:23 GMT
We had a prenup when we got married. First marriage for both. It’s expired now; we’ve been married almost 22 years.
If I were ever to get remarried, I would definitely have one again.
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Post by Spongemom Scrappants on Aug 7, 2021 16:37:43 GMT
We don’t have one (second marriage), but I’m not opposed to them. Especially if one person has significantly more assets than the other.
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Post by freecharlie on Aug 7, 2021 16:43:05 GMT
Depends. Are both starting out with nothing? No pre-nup. Have one or both acquired investments and cash before marriage, definitely a pre-nup. this is kind of my thought as well.
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Post by femalebusiness on Aug 7, 2021 16:50:25 GMT
We have no pre-nup because we were married in the dark ages. My husband gave me ten grand before we were married to put in a bank account for him (in my name). He always says he had to marry me to get his money back. 😂🤣
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Post by katlaw on Aug 7, 2021 16:53:32 GMT
My son and his wife had one. He had a decent job, a condo, a car, some investments and a pension. She was just starting out. Their prenup was simple, they both leave with what they brought into the marriage. I did not have one but can see why they would be a good idea.
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Post by epeanymous on Aug 7, 2021 16:56:02 GMT
I come from a working-class family and came into our marriage with student loans. My husband comes from an affluent family who paid for his education, passed on money to him, etc. His parents were very unhappy that he married someone in my financial position, and, for the 27+ years we have been together, have made any number of comments about how “grateful” I should be to have married into their family, etc. It has made me feel, as a person with multiple graduate degrees and a successful career, who has worked every day of my adult life (when going to school, too, which my husband never did) like some sort of charity case.
With those particular dynamics, if my husband had asked me for a prenup, it would have been a deal-breaker.
Now that we have kids, if something were to happen and I someday remarried, I would probably have one to protect the kids, however.
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Post by ntsf on Aug 7, 2021 17:04:55 GMT
we have a friend worth about $40 million..he was engaged but she wouldn't sign a prenup so it was off. I think he was smart.
we didn't have that much when we married so it wasn't an issue
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Post by Zee on Aug 7, 2021 17:57:06 GMT
As an older adult with adult children, I would be OK with signing one. I don't know that I'd require it because if I ever was foolish enough to get married again, it would definitely be to some rich old man!
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Post by scrapmaven on Aug 7, 2021 18:01:05 GMT
I would not get a prenup if it was a first marriage and no kids for both. Then it's ours and we build and grow together. However, at my age if I were to remarry I would insist upon a prenup, so that my assets would go to my children. Having said that, my dh might get a bit upset if I married another man, since I'm still happily married.
I would also have an irrevocable trust w/my adult children. I don't want any fighting after I'm gone. What's mine is mine and what's yours is yours. We're redoing our wills and trusts and I want to ensure that if I go and dh remarries that my children don't have to fight a gold digger.
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Post by Delta Dawn on Aug 7, 2021 18:11:35 GMT
Based on my taste in men I definitely need a prenup.
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TXMary
Pearl Clutcher
And so many nights I just dream of the ocean. God, I wish I was sailin' again.
Posts: 2,811
Jun 26, 2014 17:25:06 GMT
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Post by TXMary on Aug 7, 2021 18:16:42 GMT
When my DH and I got married 35 years ago, neither one of us had anything and no prenup. Never even thought about having one. If for some reason, my life changed and I was remarrying today I would have one.
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Post by Basket1lady on Aug 7, 2021 18:20:51 GMT
My father did when he remarried 27 years ago. It spells out what goes to my step-mother’s family and what goes to my brother and me. Our step mother never had kids, but Dad wanted it all spelled out. I would do the same if I ever remarried, but DH and I didn’t have one when we married 31 years ago. We were both a month out of college and neither of us had more than our school books and clothes to our name. Everything we have now is literally marital assets.
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Post by melanell on Aug 7, 2021 18:21:46 GMT
I think they are absolutely right for some people and in some situations, and probably not needed in others. Unfortunately I also think that sometimes the need for one doesn't become apparent until too late.
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Post by malibou on Aug 7, 2021 18:24:45 GMT
We were both poor, in our late 20s, I had just graduated with a BS, and the year before, Dh had graduated with his JD. Neither of us was bringing anything in, but earning potential was there. We agreed to a 50/50 split and to be decent about it all and any inheritance was that persons to keep.
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Post by mom on Aug 7, 2021 18:51:23 GMT
We were both broke when we met and got married so no prenup for us. However, I think if one side comes into a marriage with a bunch of money, then it could make sense.
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Post by ~summer~ on Aug 7, 2021 18:57:01 GMT
No prenup when we got married in our 20s but had no money. If I were to remarry I’d have one though. I don’t think I would actually remarry though - just be in a relationship
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Post by Spongemom Scrappants on Aug 7, 2021 18:57:22 GMT
Based on my taste in men I definitely need a prenup. That made me chuckle! Love your sense of humor about this.
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Post by Patter on Aug 7, 2021 18:57:34 GMT
We have no pre-nup because we were married in the dark ages. My husband gave me ten grand before we were married to put in a bank account for him (in my name). He always says he had to marry me to get his money back. 😂🤣 That is hilarious. I love it!
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Sue
Pearl Clutcher
Posts: 3,234
Location: SE of Portland, Oregon
Jun 26, 2014 18:42:33 GMT
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Post by Sue on Aug 7, 2021 19:12:44 GMT
I had never even heard the word prenup when I married 53 years ago! In today's world, I think I would prefer to have one.
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Post by nlwilkins on Aug 7, 2021 19:13:45 GMT
What about those marriages where one of them works hard for the other to finish college with the understanding that they will have their turn later? You used to hear about it all the time when wife worked to help put husband through college only to have him divorce her once he finished. Sometimes it was because he found someone more educated and who suited his position better. Or you would hear about a husband who continually went to school or who never was able to get a good job because the degree was not in a lucrative field.
Before someone works hard to put a spouse through college, there should be a legal document stating what happens once the degree is achieved. Even if a spouse already has a degree and a good career, there should be agreements on what happens once he/she pays tuition for the other to get a degree.
That is the kind of prenup I would insist upon. Also, I agree if there is a disparity in wealth between the two, a prenup is wise. It shuts down any doubts not only from each other, but from family members.
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Post by melodyesch on Aug 7, 2021 19:14:51 GMT
I think if there was a significant disparity in assets going in that it makes sense to get one. My marriage to DH was the second for both of us and while we weren’t starting from scratch, both of us were in roughly the same financial shape (and no kids) so it wasn’t something either of us mentioned. If he had wanted one, I would have agreed.
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Deleted
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May 20, 2024 11:48:30 GMT
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Post by Deleted on Aug 7, 2021 19:46:25 GMT
Looking back at my 20 year old self, I'd say, "You IDIOT! Protect yourself!!!!!!" But I was SO in love and trusted my 1st husband, 100%. He came from a well-off family, so I thought I had no worries. I had my settlement from my eye trauma/'accident', and I never thought I'd lose it.... I thought I'd be safe enough by keeping everything separate: separate bank accounts, the house was in my name but he was paying the mortgage (in my name)......... The cars and everything else eventually were all in his name. I began to lose the person that I was when we met. I came to depend on him once we had children and I trusted him. BIG MISTAKE.
I didn't know anything about the monthly bills, MY mortgage or house or taxes, etc........ He's say, "It's all good-just sign here," and I did!!! He was/is a lawyer and I helped put him thru law school and then began his practice with him. I built a nice office attached to 'our'/my house. I began chipping away at my accident inheritance. The office, expanding our house, a pool, a driveway, etc.......... It was all from me. I never stopped to think about why he never had enough $$. He was working 60+ hours per week and should have been making a lot of $$. Instead, he kept trying to get me to refinance the house to have more $$. I was too busy with our kids and with the day-to-day stuff (and entertaining a LOT!!!) that I didn't question things. Dumb!!!!!!!!!!
By the time we began our divorce, he claimed that he didn't have any $$. My car was sent back (leased). My house was in foreclosure (unbeknownst to me--I saved my name by having an instant shortsale on it!). I wound up with less than nothing! He had some fraudulent IRS liens with my name on it. These were even AFTER I moved out. I handled that myself...
So, to go from a fairytale romance and marriage, complete with 2 children and a law practice that I helped create, it went downhill. If I had to do it again, I'd say YESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS, GET THE PRE-NUP, even if you trust your s/o completely!!!!!! You never know what might go on!!!
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pilcas
Pearl Clutcher
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Aug 14, 2015 21:47:17 GMT
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Post by pilcas on Aug 7, 2021 20:17:22 GMT
we have a friend worth about $40 million..he was engaged but she wouldn't sign a prenup so it was off. I think he was smart. we didn't have that much when we married so it wasn't an issue A red flag for sure!
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Post by Zee on Aug 7, 2021 21:12:58 GMT
And I just want to add that when my dad dies, his wife (my stepmother, though I don't really think of her that way because she's only 5 years older than me) should get everything plus a giant medal for putting up with him for far longer than my mother did or anyone else would ever want to. She's a saint. Lol
They've been married for over 25 years and I know it hasn't been easy for her. He's difficult.
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Post by Zee on Aug 7, 2021 21:15:36 GMT
Looking back at my 20 year old self, I'd say, "You IDIOT! Protect yourself!!!!!!" But I was SO in love and trusted my 1st husband, 100%. He came from a well-off family, so I thought I had no worries. I had my settlement from my eye trauma/'accident', and I never thought I'd lose it.... I thought I'd be safe enough by keeping everything separate: separate bank accounts, the house was in my name but he was paying the mortgage (in my name)......... The cars and everything else eventually were all in his name. I began to lose the person that I was when we met. I came to depend on him once we had children and I trusted him. BIG MISTAKE.
I didn't know anything about the monthly bills, MY mortgage or house or taxes, etc........ He's say, "It's all good-just sign here," and I did!!! He was/is a lawyer and I helped put him thru law school and then began his practice with him. I built a nice office attached to 'our'/my house. I began chipping away at my accident inheritance. The office, expanding our house, a pool, a driveway, etc.......... It was all from me. I never stopped to think about why he never had enough $$. He was working 60+ hours per week and should have been making a lot of $$. Instead, he kept trying to get me to refinance the house to have more $$. I was too busy with our kids and with the day-to-day stuff (and entertaining a LOT!!!) that I didn't question things. Dumb!!!!!!!!!!
By the time we began our divorce, he claimed that he didn't have any $$. My car was sent back (leased). My house was in foreclosure (unbeknownst to me--I saved my name by having an instant shortsale on it!). I wound up with less than nothing! He had some fraudulent IRS liens with my name on it. These were even AFTER I moved out. I handled that myself...
So, to go from a fairytale romance and marriage, complete with 2 children and a law practice that I helped create, it went downhill. If I had to do it again, I'd say YESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS, GET THE PRE-NUP, even if you trust your s/o completely!!!!!! You never know what might go on!!!
That's what happened to Teresa Giudice, and she ended up in jail. Ladies, ALWAYS know what's going on with your financials and what you're signing because it can really come back to bite you in the ass.
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scrapngranny
Pearl Clutcher
Only slightly senile
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Jun 25, 2014 23:21:30 GMT
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Post by scrapngranny on Aug 7, 2021 22:19:26 GMT
If you are young and don’t have any significant assets, it’s really not necessary. If you are a little older and have a high dollar career, or own property it is a must to protect both parties.
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