Tuesday, February 16, 2010

Prenuptial Agreements - Why They Need Considering

WeddingImage via Wikipedia

I agree wholeheartedly with the sentiment of
Wedding Planning and the Prenuptial Agreement: Prenup Considerations Every Bride and Groom Should Know even if I quibble with some of the details:
Courts don’t make allowances for sentimental value, so if a bride wishes to keep her great-grandma’s quilt after a divorce, that treasured quilt needs to be protected from the community assets of the marriage. The same would apply to the groom’s cherished Stratocaster guitar or to a multitude of other personal belongings that are valuable or likely to appreciate in value during the marriage.
The Los Angeles Times published Love me, love my credit score:
Passion often blinds sweethearts to the fact that matrimony is, at bottom, a contract. Figuring out how that partnership can prosper is critical for a successful union. Yet financial differences rank among the greatest sources of marital misery, in part because talking about money before you tie the knot makes many couples uncomfortable.

Some worry that prying into each other's finances might indicate a lack of trust, or that a prenuptial agreement is a self-fulfilling prophecy for splitting up.

In fact, experts say, just the opposite is true. Spouses who find themselves bickering about finances early in their marriage could well end up hashing out the same issues in divorce court, according to Tina Tessina, a licensed psychotherapist and author of "Money, Sex & Kids: Stop Fighting About the Three Things That Can Ruin Your Marriage."
And then there is Prenuptial agreements and marital trusts are unromantic, but important from The Palm Beach Daily News:
"Ask a 20-something about-to-be bride what she thinks of prenuptial agreements and you'll probably hear how unromantic she believes they are. Her betrothed is likely to agree. After all, most first-timers walking down that matrimonial aisle are usually so consumed with love and adoration for one another that they're unable to see much beyond their future plans, hopes and dreams. You can thank love for that.

Ask a 70-year-old blushing bride what she thinks about prenuptial agreements, and she'll tell you they're a necessity. Understanding marriage is as much of a business relationship as anything else, her betrothed will no doubt agree. You can thank love for that, too.

Love, it turns out, is as complicated as a marriage no matter what age or stage in life Cupid's arrow pierces someone's heart. On one hand it's a huge turn-on — a chemically enhanced one at that. On the other, it can take those joined together on a path of twists and turns that is fraught with as much pain as pleasure."

Reblog this post [with Zemanta]

No comments: