Search Results: prenuptial agreements

“A prenuptial agreement is an agreement entered before marriage,” says New York City divorce lawyer Jacqueline Newman. “Generally, what prenups will cover are the two big D’s in life: divorce and debt.
“Depending on how much you want to put into the agreement, it has the capacity to dictate how assets are going to get distributed upon divorce, how spousal support — or alimony — is going to be distributed, and it also will deal with the state rights.”

A general rule of thumb is that “if you have a few hundred thousand dollars [in assets], you should at least consider a prenup,” says Holeman. “But in my experience working with clients, the big cause for actually needing a prenup isn’t necessarily on the dollar amount.”

Rather, “it’s when there are unequal amounts coming in from the marriage.”

In other words, if one member of the couple has a much higher income or significantly more assets than the other, it’s worth considering a prenup. “When one person has way more than the other, that’s where it gets a little dicey,” says Holeman.

If you’re both bringing in roughly equal amounts to the marriage, a prenup is “less needed, because it’s more of an equal playing field between both spouses,” says Holeman. Though, of course, he adds, that doesn’t mean you shouldn’t discuss getting one.

For example:
Amazon CEO Jeff Bezos and his wife of 25 years, MacKenzie, announced in a tweet Wednesday that they are divorcing. The news started an ongoing conversation about the usefulness of a prenuptial agreement, since, TMZ reports, the couple did not have one. Now she's worth billions lol.

https://en.wikipedia.org/wiki/Covenant_marriage
COVENANT MARRIAGE:
- must get premarital counseling before marriage
- in order to get a divorce, must first:
1) get marital counseling
2) prove that one spouse has committed adultery, crime, engaged in substance abuse, or been abusive (to spouse or child)
3) live apart for at least 1 year

Compared to no-fault divorce, where you can just get a divorce if you want to, without proof of wrongdoing by either person. https://en.wikipedia.org/wiki/No-fault_divorce
In this case, some couples obtain a "prenuptial agreement" (prenup), which "includes provisions for division of property and spousal support in the event of divorce. They may also include terms for the forfeiture of assets as a result of divorce on the grounds of adultery; further conditions of guardianship may be included as well." https://en.wikipedia.org/wiki/Prenuptial_agreement

I believe in prenups even if I I was broke and married rich I would still want one its no big deal to me what do you think?

A prenuptial agreement ("prenup" for short) is a written contract created by two people before they are married. A prenup typically lists all of the assets and property each person owns (as well as any debts) and specifies what each person's property rights will be after the marriage should it end.