It's understandable how a couple might get cold feet about the prospect of executing a prenuptial agreement, perhaps viewing this step as being unromantic, unnecessary or perhaps even unusual.
Over the last few months, our blog has been closely following the divorce trial of 68-year-old oil magnate Harold Hamm and his 58-year-old wife of 26 years, Sue Ann Hamm.
Last time, our blog examined why it's so important to consider making a prenuptial agreement part of your wedding day planning. Specifically, we discussed the myriad advantages of engaged couples executing what amounts to a binding legal contract setting forth their rights and expectations regarding the classification/division of property, and/or spousal support in the event of a divorce.
There is perhaps no more beautiful time of the year here in Minnesota than the autumn season. That's because during this three-month period before the onset of the cold, people will be treated to mild temperatures and picturesque landscapes framed by the brightly colored leaves.
When it comes to divorces involving high-profile athletes or A-list movie stars, most of us aren't too surprised to hear about judgments in the millions of dollars being handed down. However, most of us will pause when we hear about divorce judgments that reach well into the billions of dollars.
In a previous post, our blog discussed how the stigma surrounding prenuptial agreements has dissipated to a considerable degree over the years, such that more and more couples planning a walk down the aisle are now including the execution of this document among their most important wedding plans.
When a married couple makes the decision to have children, it goes without saying that there will be more than a few changes in their lives. For instance, the couple will have to make a very important decision concerning daycare: Will they pay someone to take care of their children during the day or will one of the parents decide to leave their job to become a full-time daycare provider?
For many years, the prevailing mindset concerning prenuptial agreements was that it was something to be avoided, as it was nothing more than a tacit admission that a marriage was doomed to end in divorce. Fortunately, this mindset has evolved considerably such that prenuptial agreements are now a fixture of many modern marriages, right up there with the wedding cake and flowers.
Many legal experts expect the use of postnuptial agreements in marriages to increase in the near future. In fact, according to a survey conducted by the American Academy of Matrimonial Lawyers, 51 percent of divorce attorneys surveyed indicated that they witnessed an increase in postnuptial agreements from 2009 to 2012.