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Reply to "Postnuptial Agreement - Would you sign?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Hi all - this is the OP, with a quick update. After a sit down over the weekend, DH completely dropped the subject of a post-nup. And apologized. I am still not entirely sure why he raised it in the first place, and he didn't want to throw any family members under the bus, so he didn't defer to that explanation. I don't think he fully realized how insulting the thought was, whether it was coming from a good place or not. He says he wanted to provide ME with assurances about the potential influx of money, so that I would be comfortable with where it might go, etc. I think he felt bad and was backpaddling, to be honest. But I didn't push the issue further. It's not going to happen, and he knows I would never sign it regardless. It didn't have to do with the business structure in any event. I don't think he fully thought through what the suggestion implied, and how it would be interpreted. Regardless, I am grateful for the comments and suggestions on this board. I am certainly keeping tabs on the thread, in case anything more develops. I am relatively confident that it will go away at this point.[/quote] OP again. I do think he might have been mistakenly referring to some of the deal-related estate planning documents as a postnuptual agreement. There are multiple family members involved, attorneys, financial planners, etc., and he isn't a lawyer and doesn't know the semantics of what the term postnuptial agreement implies (i.e., a segue into separation/divorce). So perhaps the term was thrown around by one of the many cooks in the kitchen. We are the only married couple with one spouse involved in the transaction. But he certainly indicated that he loves me, loves our family, wants us to enjoy any financial gain together as a family, pay for college and secure the kids' financial futures so they won't need to worry about loans for college, etc. That is what matters to me. I am gainfully employed, but want to make sure that the kids will be taken care of for college, etc., since we do have four, all of which are close in age, so college tuition is going to be a bear.[/quote] Clearly you guys need to sit down and discuss how the money should be used and see if you agree. Call it a post nuptial agreement or not... you need to get on the same page. Also, life can take a left turn on a dime. Also, you need a trust. A postnup might actually protect your assets and your children's assets. My friend has a prenup and when they divorced he would have literally left them nothing, but since they had a prenup he couldn't do that, he had to honor his commitment to give their son a certain amount of money. [/quote]
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