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Similar to prenuptial agreements, a postnup outlines which partner maintains ownership over which assets in the event of a divorce. The main difference is that with a postnup, you're already married when you get it, which has a couple of important implications. Any assets acquired since the wedding, and even some acquired as an individual, such as retirement accounts, become "marital property" once you're married. The couple had a "misconception" that prenup and postnup agreements are for couples with vastly different net worths, Bhaloo says. We don't want to leave that up to the government — we don't want some random judge making that decision for us."
Persons: Jenna Bhaloo, Neil Desai, they're, Desai, Bhaloo, it's Organizations: Boston University Locations: Cambridge , Massachusetts, Durham , North Carolina, Chicago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow a millennial couple earning $227,000 a year in Chicago spend their moneyJenna Bhaloo, 30, lives in Chicago, Illinois with her husband Neil. The couple earns around $227,000 a year, and are working towards a $2.5 million net worth. Jenna and Neil's income comes from a combination of Jenna's work as a senior financial analyst and Neil's job in tech. 08:34 Thu, Jan 11 2024 12:34 PM EST
Persons: Jenna Bhaloo, Neil, Jenna Locations: Chicago, Chicago , Illinois
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