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Old 09-06-2017, 09:57 AM
 
Location: CA
1,253 posts, read 2,933,070 times
Reputation: 1362

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You're a business owner, you've worked all your life from the bottom up. Would you make your fiancé/fiancée sign a prenup? They have nothing to lose but you do.

A simple yes or no and then an explanation would be nice.

Thanks
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Old 09-06-2017, 10:03 AM
 
Location: Philadelphia/South Jersey area
3,677 posts, read 2,544,022 times
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Quote:
Originally Posted by Miss Pip View Post
You're a business owner, you've worked all your life from the bottom up. Would you make your fiancé/fiancée sign a prenup? They have nothing to lose but you do.

A simple yes or no and then an explanation would be nice.

Thanks
Yes. I'm going to assume from the sentence bolded that there is some age here and not 2, 21 year old's.

I am in a sort of similar situation. I'm a widow, high earner all my life with two kids. My late husband owned his own business which was sold for a nice sum when he passed. I'm just starting to date again but any serious relationship will know that 1) I'm not marrying again before age 60 due to social security rules on late husbands benefits and 2) no prenup, no marriage.

I think when you are young, marriage is all about love and sex. when you get older you recognize that marriage is about a whole lot more.
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Old 09-06-2017, 10:05 AM
 
29,451 posts, read 22,392,470 times
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Oh dear, these types of threads never end up well.

Yes.
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Old 09-06-2017, 10:06 AM
 
Location: Philadelphia/South Jersey area
3,677 posts, read 2,544,022 times
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Quote:
Originally Posted by Suburban_Guy View Post
Oh dear, these types of threads never end up well.

Yes.
lol, that's why I get in early then get out
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Old 09-06-2017, 10:10 AM
 
Location: Huntersville/Charlotte, NC and Washington, DC
26,685 posts, read 41,572,871 times
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Yes, if I was in that position, I'd take any precaution to prevent someone who was not there with me during the time in my life I sweated to get those assets get half after being with me for only a few years.
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Old 09-06-2017, 10:33 AM
 
3,852 posts, read 4,133,818 times
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Quote:
Originally Posted by Suburban_Guy View Post
Oh dear, these types of threads never end up well.

Yes.
And the prenup threads pop up every 3-4 months.
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Old 09-06-2017, 10:33 AM
 
7,235 posts, read 7,010,745 times
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Yes. Marriage is many things, a legal agreement being one of them. I can't imagine forming any other legal partnership without certain contingencies in place, so I'd certainly do the same for this one.
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Old 09-06-2017, 10:34 AM
 
Location: Brentwood, Tennessee
49,932 posts, read 59,655,659 times
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If I were marrying someone who had done that, I would offer a prenup.

It just makes sense. I wasn't there building it with him.
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Old 09-06-2017, 10:41 AM
 
Location: CA
1,253 posts, read 2,933,070 times
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Quote:
Originally Posted by CapsChick View Post
And the prenup threads pop up every 3-4 months.
I have a life outside of this forum. I'm not here all the time, so deal with it.
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Old 09-06-2017, 10:59 AM
 
Location: western East Roman Empire
9,310 posts, read 14,213,469 times
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Quote:
Originally Posted by Miss Pip View Post
You're a business owner, you've worked all your life from the bottom up. Would you make your fiancé/fiancée sign a prenup? They have nothing to lose but you do.

A simple yes or no and then an explanation would be nice.

Thanks
Yes, but there are alternatives.

First, state law is the default pre-nup; know beforehand the marriage and divorce laws for the state that you intend to live in.

Second, there are trusts that can be set up to protect assets from spouses. But here too, state law will govern the validity of a trust. For example, a trust may need to have been set up several years before entering into the state-law marriage contract for the trust to survive any "fraudulent transfer" challenges in court.

Third, there is the pre-nup that you refer to which, in effect, is a side-bar agreement to the state-law marriage contract. There too, state law will lay down guidelines for the integrity of a pre-nup agreement in court if challenged.

Fourth, there are also insurance contracts: you can set aside a portion of your cash assets into some kind of insurance product and designate beneficiaries of your choice (e.g. children from previous marriage or even yourself).

Fifth, even better, fund a trust and have the trust buy insurance contracts and other financial products with an owner-designated pay-on-death beneficiary.

But regardless of whether you already have a long-standing, appropriately drafted and funded trust, if the person refuses to sign a side-bar pre-nup agreement which would govern disposition of assets also in case of divorce, then do not get married.

Explanation: trust no one.

Good Luck!
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