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Relationship Discussion (non-explicit)
Reply to "Would you sign a prenup?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would. I did not marry so I can be somehow into my husbands work life. Why would I care what happened at his work. I have a job and I support myself plus a few others. His job is not my job. I could no imagine my H showing up at my work just because he is married to me. Bizarre, what does the bride want to be CEO or vice president or something. Doesn't she have a job already?[/quote] Good lord, you have no idea what this thread is about do you? Its about money, without a prenup (or other legal protections), the STBXW would claim a portion of the business as marital asset and get paid for her "share". She does not have to be involved in the business, all that matter is that her husband "owns" a piece and/or is actively involved in running it.[/quote] Thank you! Someone with knowledge of what is involved is commenting instead of these posters who are totally clueless about the complexities of what is really involved here. If the future DIL really has no interest in acquiring a share of the family business in the event of divorce, all that is needed is limit the prenup to her giving up any rights or interest in that entity. If she refuses to do so, I'd be quite wary of her intentions. The reality is that she has had no role in making the business what it is today so why the heck does she think that she should have any rights to it after she gets married?[/quote] You're being shortsighted in your response. She may not have ulterior intentions, but what if she ends up a SAHM, takes care of the kids while fiance works at family business. He works long hours and doesn't even take home a good/competitive salary because the family wants all profits returned to family business so it could grow, the house they chose together and lived in was purchased by the family business. 10 or 15 or 20 years later, the company grew 10-fold and fiance now wants a divorce. She would get nothing. I'd say she put a lot into that business - living below their means, taking care of her DH while he worked to build the business, and then when divorce time comes, her DH's $10 million share of the family business isn't counted, but his $35,000/year paycheck for running the business is what's counted in marital assets? Not even the value of the house could be considered marital assets because it's owned by the business, as well as the cars, etc. Yes, it sucks for the business to have to valuate and liquidate part of it, but she does deserve a part of that. I suggest they value the business at the time of marriage (obviously the ILs want a high valuation and the fiance a low one) they come to a consensus somewhere in the middle. Then, if they divorce, she's entitied to half her DH's ownership portion of the growth of business since they were married. Oh, and I'd be sure as hell to say the prenup is void in the event of cheating, emotional or physical abuse.[/quote]
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