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Wednesday, August 24, 2011

Signing A Prenup: In Case 'I Do' Becomes 'I Don't'

They aren't just for celebrities anymore

Although prenuptial agreements are often associated with celebrity couples — and their headline-generating divorces — they're not just for boldface names.

Any couple who brings personal or business assets to the marriage can benefit from a prenup. The most basic of these contracts lists an inventory of premarital assets that in the event of a divorce will remain the property of their original owner.

"Prenups are good because they preserve the expectations of the parties and prevent surprises in a divorce trial," says attorney Bob Nachshin, a partner in family law firm Nachshin & Langlois LLP in Los Angeles, and co-author of "I Do, You Do ... But Just Sign Here: A Quick and Easy Guide to Cohabitation, Prenuptial and Postnuptial Agreements." "In my 34 years of practice, I've never seen a prenuptial agreement that wasn't enforced by the court."

The agreements can also specify that future income from a business or additional assets accrued through inheritance are not to be shared with your spouse should the marriage end.

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2 comments:

  1. i was told back in 1940's or so a mans property and money was safe. so now he has to get a Prenuptial to protect him. why was the law changed back then?

    ReplyDelete
  2. Females are just as vulnerable to get taken for a ride. Plus get the life sucked out of them. Can there be a prenump for that?

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