Tuesday, October 9, 2007

Reading around: prenuptial agreements

Some interesting articles came to my attention lately. From Ireland came Farmers demand pre-nups and from the States comes Prenuptial Agreements: Should They Be A Prerequisite To Marriage?. Unfortunately, the latter never approaches an answer to its question.

Both articles recognize that prenuptial agreements presuppose property. Still, there are some interesting points in both articles. These paragraphs from The Irish Independent have application here:

Interestingly, the older the age of the farmer -- the more he/she was in favour of pre-nups. Younger farmers were less in favour on insisting that their spouse should sign a pre-nup.

One couple said their son was going through a separation at present and it would have been good if they had had a pre-nuptial agreement in place before it happened.

"She is looking for a big pay-out and he'll probably have to sell some land to sort it out," the farmer said.

Another man marked a definite "yes" to the question, adding that it had cost him enough already this year to sort the farm out following his divorce. "If only I had the sense to get one beforehand," he commented.

While I think the following from the other article contains some points I have not clearly made on this blog:
The sooner before the wedding date that you prepare the prenuptial agreement the better it will be for both of you and your relationship. Either party broaching this subject is likely to be suspected by the other of lack of trust. However, since more then half of all marriages do end in divorce, having a prenuptial agreement should be considered a very practical thing to do and not a doomsday expression of your marriage's chances. In fact, open communication with your new partner could be the best way to start a new relationship.

Still, the idea of requiring a prenuptial agreement before marriage does raise some interesting scenarios in my mind.

No comments: