Short Answers: Yes. Good. Sensible. (Now you may skip the rest of post).
Yes, hubby signed my prenuptial agreement and I signed his. We both have professional assets that we wanted to clearly isolate from our personal assets.
I think it is a good idea to have a prenuptial agreement and that it is a social stigma that people think a prenuptial agreement is an unromantic way to enter matrimony. The prenuptial agreement forces a couple to plan their financial future together, and I see this as a positive activity.
A prenuptial agreement is not limited to divorce; it also applies to separation and death. It sets the ground rules for how income, assets, and debts will be settled after a marriage ends.
A business owner should have the ability to protect his or her professional resources from his or her personal life. A person should be entitled to receive support from the ex-spouse's income earnings, but not necessarily from the ex-spouse's business's capital.
Also remarrying widows and divorcees need a way to protect the inheritance rights of children from previous marriages. A prenuptial agreement would allow this and is, in my opinion, a more cheerful document to work out before a marriage than a will.
However, a binding prenuptial agreement that the US courts will enforce may be both timely and costly to produce. It will cost about $500 to $3,000 for a lawyer to write up, each person must have his or her own lawyer review the prenuptial agreement before signing it, each person must reveal all details about his or her assets and liabilities, each person must willingly and voluntarily sign the agreement, the agreement must not be signed at the last minute, and the prenuptial agreement must be signed before a notary public.
Finally, I feel that if someone believes that a prenuptial agreement requires him or her to negotiate the divorce before the wedding then he or she should reconsider his or her reason for entering marriage.
Last edited by jinjin
on Sat Jul 07, 2007 2:51 am, edited 1 time in total.