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Search resuls for: "Prenups"


9 mentions found


I got a prenup in 2008I got married right out of grad school and had a Master of Arts in teaching but did not yet have a job . I can't say exactly why my mom was so dead set on the prenup, but I guess she figured it couldn't hurt to protect me financially. My prenup ensured that my money could not be used to cover his school costs. But the emotional relationship died the minute he told me he wanted a divorce. AdvertisementWe were officially divorced by the end of the year, but my prenup did nothing to protect me.
Persons: I'm, Subaru Forester, Leah Nash, we'd, I'd, Prenups Organizations: Arts, Subaru
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
Melania Trump is reportedly renegotiating the terms of her prenuptial agreement with Donald Trump. A divorce attorney told Insider that Donald Trump may have spearheaded the renegotiations. Representatives for Donald Trump and acquaintances of Melania Trump did not immediately respond to Insider's requests for comment. "I believe that Donald Trump and his financial advisors are very, very worried about what's happening in all these cases." Such provisions could include a requirement that Melania Trump campaign alongside her husband or live in the White House should he win again.
Persons: Melania Trump, Donald Trump, , Donald Trump's, Trump, Harriet Newman Cohen, Cohen, Andrew Cuomo, Weinstein, Renegotiating, Couri Hay, Melania, Barron, Beslow, Marla Maples, prenup, she's, Laura Italiano Organizations: Service, Trump Organization's New, New York Gov, Trump Locations: Manhattan, Trump Organization's New York, New York, York City, prenup renegotiations
Melania Trump is reportedly renegotiating the terms of her prenuptial agreement with Donald Trump, per Page Six. Lawyers told Insider renegotiating may be smart amid the legal troubles Donald Trump faces. Representatives for Donald Trump and several acquaintances of Melania Trump did not immediately respond to Insider's requests for comment. Melania Trump has thus far removed herself from her husband's 2024 presidential campaign, forgoing public appearances alongside Donald Trump on both the trail and in court. AdvertisementAdvertisementRegardless of what happens come 2024, Melania Trump is wise to renegotiate the agreement now, Rahmani said.
Persons: Melania Trump, Donald Trump, , Mary Jordan, Bill Beslow, Marla Maples, Beslow, Trump, Demi Moore, Nicole Kidman, Al Pacino, Linda Evangelista, Mia Farrow, Donald Trump's, Neama Rahmani, it's, Rahmani Organizations: Service, Washington Post, Republican, Trump Organization's New, Trump, West, Trial Locations: New York, Manhattan, Trump Organization's New York, York City
Financial experts, however, say that's not the case, and that all couples should consider them. They said prenups can be like insurance or a financial safety net. Financial experts, though, see a different side to the agreements and think all couples should consider them. Theresa Viera, an attorney based in South Carolina, told NPR that prenups are financial safety nets, not harbingers of separation. Prenups can protect you from being responsible for your spouse's debt, Orman added, and protect your property both before and after the marriage.
Persons: that's, Theresa Viera, Viera, Suze Orman, , they've, Orman, prenups Organizations: Service, NPR, CNBC, Harris Interactive Locations: Wall, Silicon, South Carolina
With singer Joe Jonas and actor Sophie Turner announcing an "amicable" divorce Wednesday, an apparent prenuptial agreement will ensure that they won't have to fight over how to split their wealth. "I would absolutely advise having an attorney draw up an ironclad prenuptial agreement," says Crystal Cox, a certified financial planner in Wisconsin. "I always say you have a prenuptial agreement one way or another, the only difference is whether you decide the terms or if you let the state decide." How prenups workA prenuptial agreement is a legally binding contract made between two people before they get married. There are all sorts of reasons to sign a prenuptial agreement even if you aren't rich, says Scott Bishop, a CFP in Houston.
Persons: Joe Jonas, Sophie Turner, Kevin Costner, Tom Brady, Gisele Bündchen —, Crystal Cox, Jacqueline Newman, Scott Bishop, Sara Stolberg Berkowicz, Newman Locations: Wisconsin, New York, Houston, Illinois
Four lawyers to the wealthy told Insider how these spendthrift trusts work. How spendthrift trusts workSpendthrift trusts can be used to defend an heir in virtually any kind of legal dispute. Robert Strauss, partner at Weinstock Manion, does not view spendthrift trusts as a substitute for prenups. Having separate beneficiaries and trustees is just one way to strengthen a spendthrift trust's power. Domestic asset protection trusts set up in a trust-friendly state like Delaware are very secure, he said.
Persons: Laurene Powell Jobs, Phil Knight, Karen Yates, didn't, Jere Doyle, Doyle, Spendthrift, Yates, Robert Strauss, Weinstock Manion, Strauss, Cindy Brittain, Karlin & Peebles Organizations: Apple, Nike, Mellon Wealth Management, Karlin & Locations: California, South Dakota, Delaware
Ross Pomerantz is a startup advisor and content creator who operates under the name Corporate Bro. He says that job seekers need to have "professional prenups" before they sign on with new employers. Essentially, these are contractual understandings of potential severance in case of layoffs. The idea of a "professional prenup" sounds rather … unusual. In a small, 20-person company, there's a good chance you're interviewing with senior leadership.
For Love & Money is a biweekly column from Insider answering your relationship and money questions. This week, a wealthy reader asks how to get his previously divorced fiancée to sign a prenup. Our columnist asks him to take a step back and think through why it matters that she's divorced. Write to For Love & Money using this Google form. Rooting for you both,For Love & Money
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