[happygal]

I know this is totally off topic, but I will still ask otherwise I will feel stupid for asking this at work. The more I work in the professional world the more I keep hearing about pre-nups. I always grew up with the idea that you are married for life or at least intend to, but are Pre-nups really that important for professionals?

[Skynet]

As Accountants you guys should always keep TWO SETS of Check Books ; )

[Sleep Optional]

I am a lovestruck fool. I would never subject my future wife to a prenup. I come from humble upbringings. My parents are both uneducated immigrants who came to this country and toiled to make a better life for me (I just realized I sound like Marco Rubio). I will eventually be inheriting a mid-7 figure estate, but I choose to live a simple life. I don't need nor want to dine in Michelin star restaurants nor drive expensive cars. I drive a $4000 Toyota, love cheap greasy pizza, and my apartment is comparable to a walk-in closet. In the future, if I choose the wrong person, and get taken to the cleaners, I'll be able to live with it (at least financially).

I am one of those fools that believes marriage needs no safety net. You either go all in or not at all. If I am not prepared for that, then there is always cohabitation. Oddly enough, my parents share the same feelings. They already told me they would never coerce me to get a prenup in the future.

I do respect other people's decision for a prenup. It's just not something for me.
But hey, I'm still a naive 20-something year old. My view may change with a few more years under my belt.

BEC: ☑ x1 attempt(s)
REG: ☑ x2 ''
AUD: ☑ x1 ''
FAR: ☑ x2 ''

Done!

[How many letters do you need]

Jesus Christ man GET A PRENUP! Of course you can be poor, but who wants that? Your parents worked hard so that they can pass that estate on to you and you your kids. Well I suppose in most cases the most she can get is half….and even that still leaves you some money….still. You know it's a coinflip by the odds…..which means marrying without a prenup has a EV of -1.25M (I presumed mid 7 fig was about 5M). Marrying with a reasonable one where she still has access to any income you build together, but the estate and all estate earnings are off limits…that's win win my friend. If she isn't a digger and loves you as much as you love her she will sign that in a second…

MBA,CMA,CPA, CFF?, ABV?

[Biff-1955-Tannen]

We'll see if you still feel that way when you finally catch your wife sleeping around and then ends up with half your estate to support the lifestyle she's accustomed to. Keep drinking that fairytale kool aid.

It absolutely blows my mind that people still believe that their marriage will last forever enough to risk half of their assets. If he or she really loves you, why would it matter that you want a prenup? The only reason somebody would get offended or not want a prenup is if they want to cash in when it inevitably goes south.

AUD 93 Jan 16
BEC 83 Feb 16
FAR 83 Apr 16
REG 84 May 16

99% Ninja MCQ only

[Skynet]

You do know that you can ALWAYS Fake your own death and get a Totally Different and Brand New Identity and be off the grid. A dozen bowling balls should be enough to weigh the casket down : )

[nadroj]

Huh? Instead of letting them get half, you want to fake your death so they get it all.

[Skynet]

nadroj – Before you fake your own death, you have already liquidated and hid all your assets. First rule of faking your own death. : )

[Biff-1955-Tannen]

lol

AUD 93 Jan 16
BEC 83 Feb 16
FAR 83 Apr 16
REG 84 May 16

99% Ninja MCQ only

[Gabriella]

There are few dealbreakers in marriage 3As: adultry (physical or emotional affairs), abuse (physical and/or emotional), addictions (sexual, drugs/alcohol, gambling) that can negate the “commit to be together forever” ideal.
Put that dealbreaker clause in your pre nup. Trust me on this one. Anything else other than 3As can be overcome and be together forever works.

[Tripin93]

I'm a female, I don't believe in divorce, and my whole life, I said I'd NEVER get a prenup. But then, I bought a duplex and my opinions changed! Heck yes I'll be getting a prenup. I bought my duplex 2 years ago, and the CPA wasn't even on my radar back then. I think anyone who makes good money should want a prenup.

Motivated by JC. I do it to make God proud.

FAR: 91 July 2015
AUD: 83 October 2015
REG: 81 January 2016
BEC: 83 February 2016

[Biff-1955-Tannen]

OT but for some reason I always thought you were a guy Tripin93. Idk why.

AUD 93 Jan 16
BEC 83 Feb 16
FAR 83 Apr 16
REG 84 May 16

99% Ninja MCQ only

[Tripin93]

Lol yeah I can understand that, with a name like tripin. On this forum, it's hard to distinguish genders, if your profile name isn't overly masculine or feminine. On Facebook, if you don't have a profile picture, they have a silhouette of a girl or a guy. Nothing like that here.

Motivated by JC. I do it to make God proud.

FAR: 91 July 2015
AUD: 83 October 2015
REG: 81 January 2016
BEC: 83 February 2016

[Anonymous]

Yes Pre- Nups are extremely important. Maybe not for you and I , but for the clients we serve definitely. In the realm of trusts and beneficial interests this is a great topic and it is important to know about.

For instance, i live in a community property state. After the point of marriage, all of my wife's income is my income too. We had the choice before we got married to have separate bank accounts and have separate property trusts. Our motivation to that would have been higher had we both been making a lot more money. Lets say we did separate property trusts and kept our income treated separately. A few years goes by and my wife accidentally cause a car wreck in which we are sued for $10 million dollars and she loses. (This is a loose example). My wife may be screwed and have to turn over all her assets. In a community property state under normal conditions where you don't do any of this planning, both people are screwed. But the husband in this case may not be as bad because of that separate property trust that he has, that doesn't belong to the wife. The whole boat wouldn't go down then. There are other examples but it is the idea of creditor protection rather than not trusting your spouse that makes sense to do some of these separate asset agreements.

[A]

Besides marriage, what other contract exists where parties don't feel the need to include any provisions for breach of terms?

B - 77 (2.27.16)
A - 81 (4.18.16)
R -
F -

Roger Review + Ninja MCQs

[Author]

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