Mar 28 2008
Prenuptials
We all know that many wealthy and famous couples actually draw up prenuptial agreements prior to getting married. How much each party is entitled to should the marriage ends in divorce in terms of cash and assets are spelled out in clear terms.
But nowadays, it seems that not only the rich and famous are signing prenuptial agreements. Even ordinary couples are drawing up prenuptials prior to walking down the aisle.
What are the pros or advantages of a prenuptial agreement?
- All money and assets are out in the open.
- Rights of both parties can be protected, including that of children and step-children.
- Responsibility and expectations of each party can be spelled out.
- No messy divorce to contend with if the relationship sours.
The cons or disadvantages of a prenup are:
- Takes the romantic notion out of the relationship.
- The element of trust seems to be missing between the couple.
- When you are deeply in love, you may agree to something that may not necessarily be fair to you.
- Nobody can predict the fortunes of a couple. If your spouse’s net worth have increased during the years of your marriage, you will be limiting yourself to the agreed upon amount previously.
In these days of high divorce rates, a prenuptial agreement seems like a practical thing to have. Personally, if I’m a 30 something year old woman who have tons more money than my prospective husband, I too would probably want to have a prenuptial agreement drawn up. Who knows if the man is a gold-digger, right?
But funnily, if it is the other way round, I think I might just get offended if asked to sign one. Not only it pains me to learn that he doesn’t seem to have faith in the relationship, it is equally hurtful to know that he cares for his money more than me! But then again, if I truly love him and not after his money, it follows that I should not mind signing a prenuptial, right?
Well, maybe we all like to say that we don’t care about money but the reality may be very different indeed. So, what would you do - would you say bye-bye to someone who makes you sign a prenuptial agreement?
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oh, if i am filthy rich i wld get one, but if my future hubby is, i wont! hehehe…
‘your money is my money, my money is ur money’
verse from me to men..LOL!
wen’s last blog post..Teddy Bear
I don’t blame you for your error in your blog because it’s been printed many times before (I used to joke about it myself) but the truth is, while Roseanne and I had no prenup, I walked away from the $50 million. I also took no alimony. not one cent. I believed and still do, that money was hers and my former step kids. I was grateful to Roseanne for giving me the opportunity to write and Produce her show and for giving me the chance to be a stepfather for 5 years but most of all, the woman helped me get sober. I was pretty sure I’d work after the divorce but I was 100 percent certain I’d be dead if she hadn’t ended our engagement, kicked me out of her house, fired me and forced me to get into a cap and head to rehab December 10th, 1989. Although I eventually decided to live a sober life for myself (the only way to truly make it, one day at a time, as they say) if it wasn’t for her painful kick in the butt, I would’ve never done it. I have been clean and sober since (I’d tryed on my own for 3 years before that but didn’t really “get it” until I hit that bottom and even though I didn’t give a damn about myself, I did love her, my friend of 6 years and her kids and my job and hated the public humiliation, my lies, secrets and manipulation of anyone who cared about me, which by then, was a very small group:) So I took no “Roseanne money” Public records back this up. It’s not as funny as the $50 million story but it’s fact. Also fact, she forgave me and we were married a couple days after I got out of rehab (Jan. 20, 1990). As you know, the marriage only lasted 5 years. It didn’t help that we stirred up more than our fair share of nonsence and though it started out in a pretty wonderful place it ended ugly. Lies, anger, more public humiliation which included her attempts to destroy whatever kind of career I may or may not of had post marriage. Nasty, malicious, slanderous accusations. She said I’d done pretty much anything and everything, including taking money from her but I did my best to keep quite. To shut up for a change and suck it up and just hope that it all went away because I knew her rage was connected to the pain, the same pain I felt, the pain of the failure of an 11 year relationship. I wish she’d handled it differently and I’m sure she does too. I’m no saint but I am thankful that inspite of my own thoughts of getting even, taking the money and running, after all, in California, community property is community property regardless if you’re a man or woman, and I did Executive Produce the show and she was doing her darnedest to make sure I never worked in the business I grew up in Iowa dreaming about…I still knew that it would not be the right thing to do if for no other reason than 14 years after the fact, if I read something about me taking money from my ex-wife, the one that gave me my break at my dream job, the one that allowed me to be a part of her family after saving my life, I could hold my head up, even if I was back in Iowa, working at the meat packing plant and say no, I, as surprising as it seems, did the right thing and left her everything she earned and if you don’t believe me, check the actual Divorce Settlement because it’s all public record…that’s what trying to live an honest life does for you, it can cost you alot of money:) but you can sleep a little better and smile at the crazy stories because at least once in your life you’re sure you did the right thing and the rewards from that have been much greater than $50 million….either that or I’m even stupider than they say I am…either way, this is the last time I’ll write about this..it’s not funny enough. Thank you for your time and I appreciate the opportunity to correct yours and many others, mistake. No hard feelings. Take Care, Tom Arnold
This is a tough one - I think I’m with you. If I were rich I’d want one but if someone asked me to sign one I would probably feel offended. Yikes - good thing I’m not rich.
Don Mills Diva’s last blog post..The pursuit of happiness
OMG, it seems like not a true love with prenuptial agreement, agree?
huisia’s last blog post..Apple iPhone makes me envious
am not sure… I suppose I’ll have to take a look at the prenuptial agreement first…
sting’s last blog post..Fabulous Blog Award
I would agree as long as I have a very big chunk of it..muahahaha…..
Sue’s last blog post..Birmingham Trip
I think only rich people use prenuptial agreement.If I am a rich woman and i would probably would ask my hubby to sign the agreement.
sweetiepie’s last blog post..Spring confused
My wealthy fiance asked me to sign one. This is a second go round for us both, we are not spring chickens. I thought Id be ok with until I saw it. I can understand wanting to protect a business or inheritance, but in the event we divorce or separate, It would literally leave me with nothing except 1/2 of what we purchase together as a married couple. No acess to bank accounts, no retirement, nothing alimony, no support , nothing what so ever. It basically states that he can divorce me for any reason at all at any time. There is no expiration. What if I get old and he just wants someone younger? Im not in it for the money, but I feel absolutley no security or trust. I must say I was stunned and am re-thinking the marriage.