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☆ The market's version of a 'quickie' divorce is getting more complex and costly
▼ + stars: | 2024-03-09 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +3 min

One time-honored corporate M&A prenup strategy, which could become more important going forward, is the use of break-up fees, also known as termination fees. In addition to reverse termination fees, companies are also allowing for longer timelines and more extensions than they were a few years ago, Thomas said. Not all deals include break-up fees for regulatory failures. Meanwhile, Visa's deal for Plaid was scuttled in 2021 due to regulatory snares, with neither of the companies owing break-up fees. A 2022 study by investment bank Houlihan Lokey shows that 57.1% of the 140 transactions reviewed had reverse breakup fees, with median fees of 4.2% as a percentage of transaction value.

Persons: Thomas, Houlihan Lokey, Pitchbook Organizations: Crowell, Moring, Discover Financial, Plaid, Regulators, Federal Trade Commission, Department

☆ My fiancé and I went to a divorce lawyer before our wedding. These were our 5 biggest takeaways.
▼ + stars: | 2024-03-07 | by ( Jen Glantz | ) www.businessinsider.com time to read: +7 min

Once my fiancé and I got engaged, we met with a divorce attorney for legal advice about marriage. But the more I brought it up (at least twice a day for a week), the more he agreed that meeting with a divorce lawyer was a good idea. "Most of the time, one partner will go hire a lawyer, have the lawyer draft a standard prenup, that prenup is handed to the other partner who is told to get a lawyer and review it." It sounds dramatic, but meeting with a divorce lawyer before our wedding was actually eye-openingMeeting with the lawyer was actually very beneficial. Jen Glantz for InsiderMeeting with a divorce lawyer before getting married helped us understand how our relationship, money, and lives would change after we signed on the dotted line of our marriage license.

Persons: they're, —, I'd, we'd, Jennifer Hargrave, iStock, it's, Hargrave, Shutterstock Hargrave, prenup, she's, Jen Glantz, Read Organizations: Service, American Psychological Association, Hargrave Family Law Locations: New Africa

☆ I would never get married without a prenup — even though mine didn't protect me during my divorce
▼ + stars: | 2024-01-31 | by ( Laura Wheatman Hill | ) www.businessinsider.com time to read: +5 min

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

☆ 3 mistakes to avoid in a divorce, from a money expert who ended a marriage in her 20s
▼ + stars: | 2024-01-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

At the time, Krawcheck says she was "pretty much on her own" to learn how to manage her money as a newly single woman. Her divorce attorney didn't have financial expertise to help her, but the financial advisors she talked to didn't have the divorce expertise she needed. Though it happened several decades ago, some of the challenges she faced going through her divorce as a woman continue to exist today. Here are three mistakes Krawcheck recommends avoiding if you could be facing a divorce in the future. Otherwise, you may arrive at separation proceedings unaware that there are assets you're entitled to or assets of your own that your soon-to-be ex is eyeing.

Persons: Sallie Krawcheck, Krawcheck, didn't, hasn't Organizations: CNBC, Harris, UBS Locations: U.S

☆ Why this newlywed couple plans to get a postnup: We don't want 'some random judge' making money decisions for us
▼ + stars: | 2024-01-17 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

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 renegotiating her prenup doesn't signal divorce — it could actually be a maneuver to help Donald amid his legal troubles
▼ + stars: | 2023-09-30 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

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

☆ Prenups should be a part of every marriage, not just among celebrities and the wealthy, financial experts say
▼ + stars: | 2023-09-11 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

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

☆ Joe Jonas and Sophie Turner's prenup isn't just for celebrities—why you might want one too
▼ + stars: | 2023-09-08 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

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

Our experts choose the best products and services to help make smart decisions with your money (here's how). We've always been thoughtful about how we split our expenses — and how we split our time managing money. We're getting a prenup so that if we ever part ways, our financial decisions will have come from a loving place. We've been dating for five years, and we've been talking about our relationship with money from the beginning. We're getting a prenup so that our future money decisions remain lovingAnother important conversation we've had as we approach marriage is a prenup, which we've mutually agreed to get.

Persons: We've, We're, —, Tiffany, Brett, we've, we're Organizations: Service

For Love & Money is a biweekly column from Insider answering your relationship and money questions. This week, a reader writes they lost their job a month ago and are too embarrassed to tell their husband. Write to For Love & Money using this Google form. You didn't want to tell your husband and risk him seeing you as the failure that you fear you are. So I'm going to give you the same advice my therapist gave me: tolerate the anxiety, and tell the truth.

Persons: —, I'm, I've, haven't, Tell, you've Organizations: Service

☆ My Prenup Saved Me When My Husband Left. It Can Save You, Too.
▼ + stars: | 2023-04-21 | by ( Caitlin Kelly | ) www.nytimes.com time to read: +1 min

The only local job available was tapping maple trees, and I couldn’t even get an interview. An American, he had committed to a four-year residency in New Hampshire, and I decided to leave Canada and follow him there. My job search took six months, and he got an instant $14,000 raise with his new residency. I knew nothing of New York marriage laws, and by that point was wholly reliant on my fiancé’s income and felt extremely vulnerable. So I consulted a lawyer — at $350 per hour in 1992 — and asked what I might win in case of a divorce.

☆ The NHL's Arizona Coyotes suspend minority owner after assault-related arrest at Aspen hotel
▼ + stars: | 2023-03-25 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Andrew Barroway, 57, was arrested in Colorado while staying at an Aspen hotel with his wife. The Arizona Coyotes suspended Barroway from his position as a minority owner, Aspen Daily News reports. The Scottsdale resident is currently a minority owner of the Coyotes, but he held majority ownership between December 2014 and July 2019, per Aspen Daily News. Then, at 5:23 p.m., the team said: "The National Hockey League is aware of the arrest of Arizona Coyotes' minority owner Andrew Barroway. According to the affidavit obtained by Aspen Daily News, Barroway's wife "had bruising on her ankles, knees, and blood on her hands."

☆ You need a 'professional prenup' to protect yourself from layoffs, according to the Corporate Bro
▼ + stars: | 2023-03-07 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

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.

☆ I’ve helped thousands of millionaires find love—here are my 7 rules for attracting and dating an ultra-wealthy person
▼ + stars: | 2023-02-14 | by ( Amy Andersen | ) www.cnbc.com time to read: +3 min

As the "Cupid of Silicon Valley," I've helped thousands people find long-term relationships through my matchmaking service, Linx Dating. There's nothing wrong with dating for money. Many people I know don't take offense if someone admires them for their money, especially if they worked hard for it. If you're thinking this sounds like something from the 1950s, know that about a third of my wealthy clients are women who are looking for love, no matter their suitor's net worth. After 20 years of matchmaking, here are my rules for dating and marrying an ultra-wealthy person:1.

☆ The divorce lawyer who's represented Johnny Depp, Kim K, and Angelina Jolie charges $1,000 an hour and says tough love is how she gets things done
▼ + stars: | 2022-12-01 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +12 min

Laura Wasser is a divorce lawyer whose clients have included Johnny Depp and Angelina Jolie. "You'd go to someone's bar mitzvah and say, 'You're Dennis Wasser's daughter,' and they'd say, 'You're at that table,' according to whether my dad had represented the mom or the dad," she said. She'd majored in rhetoric at the University of California, Berkeley, and realized quickly that what she'd loved most about those studies was vital in divorce cases, as was her age and gender. She's a spokesperson for Divorce.com, the do-it-yourself split site, as its chief of divorce evolution and has hosted several podcasts, including "All's Fair with Laura Wasser" and "Divorce Sucks! With Laura Wasser," where one guest was the Kardashian momager and matriarch Kris Jenner.

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

☆ The wealthy are buying yachts and jets in record numbers, and they're doing it without having to put much cash down. Here is how it works.
▼ + stars: | 2022-01-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

The wealthy have been buying up yachts and jets without having to put much cash down. Borrowing against yachts or jets at the point of purchase — or shortly after — means customers can put up little to no cash to close the deals. Depending on the desirability of the asset, banks extend loans from half to nearly 100% of its value. Another benefit of lending against yachts and jets is that clients can still enjoy them during the loan. At Bank of America, 80% of its yacht-backed loans are for existing private bank clients, according to Verbit.

☆ A Harvard-trained economist shares his top 21 money rules: 'Own your home' and 'try to buy in cash'
▼ + stars: | 2022-01-05 | by ( Laurence J. Kotlikoff | ) www.cnbc.com time to read: +8 min

Having more of your money packed in your home is a way to shelter it from federal and state asset-income taxation. As an economist, here are the top 21 money rules that I live by and teach:For sure, they won't all just stick in your brain. Or it may be someplace with no state income tax, no state estate tax, and no state inheritance tax. Or, in other words, don't put more money into the stock market until your initial bets are safe from losses. Laurence J. Kotlikoff is an economics professor and the author of "Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life."

Persons: —, It's, Sam, I've, they'll, you've, Laurence J, Kotlikoff Organizations: Social, Security, Social Security, Harvard University, New York Times, Bloomberg, The Financial Times, Twitter Locations: New Hampshire, Massachusetts

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