joreth: (being wise)
www.quora.com/When-doesn-t-a-pre-nup-work/answer/Joreth-Innkeeper

Q.   When doesn't a pre-nup work?
Joreth Innkeeper, is currently writing a book with her ex on how to break up

A.  Times when a pre-nup doesn't work:
  1. When you don't have one / haven't signed one / don't use a proper pre-nup form, etc

  2. When you don't disclose or include something so that it's not accounted for in the contract and/or it can be contested in court because it wasn't disclosed or included.

  3. When you focus only on tangible or liquid assets and then you start a business with your spouse but don't include any exit strategies on how to divide up the business in case of divorce.

  4. When you're talking about things with emotional value, sentimental value, or intangible things like the well-being of the participants.

  5. When it's clearly one-sided and a judge rules that it's not a fair protection of both parties and is therefore null.

  6. When it's signed under duress or false pretenses or otherwise one or more signer is not eligible by law to sign a legal contract.

  7. When it's not valid in the region or jurisdiction under which you are trying to enact it.
Since I am not a lawyer, do not take anything I've said as legal advice. I may be wrong, and I am certainly not familiar with contract law in any region I haven’t tried to engage in contracts under.

GET A PRENUP. GET A PRENUP. GET A PRENUP. GET A PRENUP.

I can’t stress that enough. I don’t care how much in love you are or how pure of heart you both are, if you are going to entangle yourself legally with another person, get your exit strategy down on paper in the most legal way possible, and do it while y’all still like each other so that it’s written as fair as possible.

No one has ever walked down the aisle and thought “I bet this person whom I love dearly with all my heart and am choosing today to commit to for the rest of my life will probably turn out to be a raging douchebag and someday try to leave me penniless.” Every single person in divorce court, at one time, thought the person they are now squaring off across the table with was a decent human being.

If you turn out to be right, and your spouse is a decent human being, then this is just a piece of paper that probably does nothing more than spark a conversation between the two of you about entangled finances, turning some implicit assumptions into an explicit discussion about expectations and intentions. Yay!

If you turn out to be wrong, this document could save your ass, or even your life. And you don’t want to wait until after you discover that you were wrong to also discover that you have no safety net.

By the way, there is also such a thing as a “post-nup”, although that’s not what it’s called (it’s not technically called a “pre-nup” either, but most people know what you’re talking about when you say that). It’s basically the exact same thing as a prenup except all the verb tenses reflect the fact that the marriage has already happened.

Like a will, the very last document signed is the one that rules in the courts. It is to your benefit to revisit your prenup after the wedding periodically and update it as a post-nup with however your assets have changed over time.

And if you got married without a prenup, you can still get a post-nup. Just like responsible adults have hard conversations about wills and what to do with assets in case of death, you should have this conversation with your partners in case of separation too.

This doesn’t have to be framed as “so, I’ve been thinking about divorcing you, and I thought we should hammer out the details early.” Nobody says “so, I’ve been thinking about intentionally dying in the next few years and I thought we should work out how to handle my arrangements now.”

Just be a grown-up and sit down to discuss worst-case scenarios with your partner - you know, that person who you pledged yourself to supposedly because they were your “best friend”? If you can’t have these kinds of hard conversations with your life partner, your helpmeet, your “best friend”, your soulmate, well … perhaps you shouldn’t have chosen this one to marry and these documents are more necessary than you think.

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