Financial Planning for the utterly confused - Joel Lerner

Page 271

CHAPTER 28

Prenuptials and the Marriage Vow 쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆

“Courtship is the feast. Marriage is doing the dishes.”

Do I Need to Read This Chapter? ●

Am I about to marry, especially not for the first time?

Do I have preexisting, separate property to protect? Does my future spouse?

Does the subject of premarital agreements somehow make me uneasy?

Have I thought about all the factors such an agreement should address?

renuptial agreements, like estate planning, are no longer exclusively for the rich and famous. The likelihood is great that people marrying today will have preexisting separate property to protect.There is no better method to protect a party’s rights, assets, and those financially dependent on each of the parties than by a legally binding contract called a prenuptial agreement. The terms prenuptial, premarital, and ante nuptial are virtually synonymous.

P

What Is a Prenuptial Agreement? In addition to being a contract, a prenuptial agreement is a plan to achieve protection of assets. Those assets acquired prior to the marriage are known as nonmarital property, and assets acquired during the marriage are known as

247 Copyright © 2008, 1998, 1994, 1991, 1988, 1986 by Joel Lerner. Click here for terms of use.


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Articles inside

Glossary

37min
pages 289-313

Chapter 29 Unpleasant But Necessary—Health Care Issues for Seniors

12min
pages 279-286

Chapter 28 Prenuptials and the Marriage Vow

9min
pages 271-278

Chapter 27 For Women Only—An Introduction

18min
pages 259-270

Chapter 26 Trust Me

14min
pages 249-258

Chapter 25 Will It?

14min
pages 239-248

Chapter 24 Social Security

12min
pages 229-238

Chapter 21 Planning Your Retirement—An Overview

6min
pages 201-206

Chapter 20 Mortgages—In Reverse

11min
pages 193-200

Chapter 22 The IRA

19min
pages 207-220

Chapter 23 The 401(k), the SEP, and the Keogh Plan

12min
pages 221-228

Chapter 19 Mortgages—The Finances of Homeownership

15min
pages 183-192

Chapter 18 Condominiums and Co-ops—A Living Investment

11min
pages 175-182

Chapter 17 Real Estate as Security and Investment

9min
pages 169-174

Chapter 15 U.S. Savings Bonds—Safety First

18min
pages 145-158

Chapter 16 Life Insurance—The Risk Protector

15min
pages 159-168

Chapter 14 Treasuries Are a Treasure

16min
pages 133-144

Chapter 13 Municipal Trusts and Funds—Tax-Free Alternatives

9min
pages 127-132

Chapter 12 Municipal Bonds—The Tax-Free Choice

10min
pages 119-126

Chapter 11 Ginnie Mae—The Misunderstood Instrument

13min
pages 109-118

Chapter 10 Zero Investment

11min
pages 101-108

Chapter 9 Stock Market Information—Where to Get It

12min
pages 93-100

Chapter 8 Stock Market—Bulls, Bears, and Pigs

12min
pages 85-92

Chapter 6 Mutual Funds—The Basics

12min
pages 67-76

Chapter 4 Gold, Silver, and Diamonds—Investment or Enjoyment?

14min
pages 51-60

Chapter 2 Certificates of Deposit—Old Faithful

10min
pages 33-40

Chapter 7 Mutual Funds—Spreading the Risk

10min
pages 77-84

Chapter 5 Money Market Accounts—The Parking Lot

7min
pages 61-66

Chapter 1 Annuities for Today’s Living

11min
pages 25-32

Chapter 3 Corporate Bond Market—For the Future

15min
pages 41-50
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