Quote:
Originally Posted by Yosef_Malkovitch
OK, I'm done with this. Clearly you haven't bothered to read where I **repeatedly** said that a prenup (assuming very little assets) should not be more than a few hundred bucks. What part of "very little assets" (or "no assets") is so hard to understand?
Who needs a prenup if they have little or no assets? You must deal with some real winners down in Doo Dah. Both parties have to give full finacial disclosure. if neither own anything, whats the purpose?...
Either you're deliberately ignoring key parts of what I'm saying, or you're just too unobservant to catch the entire thought. Either way, I don't have the inclination to continue. I guess you're too lazy to call one of your Attorney buds and ask...
If you own real estate, have a pension, 401(k), IRAs, etc. etc., then OF COURSE your prenup will cost much more than $200. And, because you have much more to lose, I would recommend even more strongly against doing it yourself. So, you ASSuming the OP was a worthless POS who lived in a van down by the river who was concerned about losing the van in case of a divorce?
I must be naive, but If a man and his fiance went into an attorneys office and said: We want a prenup. Upon asking what assets he or she was trying to protect if the marriage failed. He answered: I don't own anything but my 75 Ford truck and I owe more than it's worth and her car's been parked in the front yard since last spring. Are you going to be able to keep a straight face long enough to ask if they own their mobile home and what it's value might be or are you going to leave the room to bust up laughing? I suspect after your comments, you would take his money without batting an eye.
Do you get my point? I am sorry I can't get through to you, Let's keep trying.
Anyone one who is considering a prenup has something they want to keep, or pass down to a family member that they don't want their soon to be spouse to be in control of. You with me so far?
Those person's demographics would most likely, while not being considered "significant" would probably include equity in a house, a nice car, and some type of retirement savings, kids college funds? and maybe some cash... Even things like their or their parents jewelery, maybe a Harley in the living room that they don'y want to be dividing by two if things don't work out. Even though most think a prenup is a one way street it's not. For some reason I doubt you see too many clients who have prenups that you represent in court. Just a spidey sense kind of thing.
Substantial wealth to you may mean they own just some of the above things but not to me. To me "substacial means there's maybe a stock portfolio, retirement plans and IRA's, stock options, (even Wal Mart employees have those), college funds, health savings accounts, he or she may possibly own a small business or two. Owning a Subway is not just for people with "Substantial wealth."  She may have a big ass house on 7 mile beach (Cayman) from her last marriage, a condo, a jewelry box full of goodies. He may have a Hemi Challenger, a theater room, and a man cave full of audiophile equipment, and signed Chiefs jerseys that he has collected over the years. Maybe 5000 LPs? OK Chiefs jerseys and wealth have nothing to do with this
Are you catching on yet? Do we agree on substantial wealth or do we get into the 1%'rs?
*shrug* But whatever. As I said, I'm done with this. Do what you want.  |
Since you're not reading this, I have some reading material for you...
I read a book called "The Millionaire Next Door" and with it being 20 years ago, even though I knew most of them, I had to Google the 7 common denominators of people who become significantly wealthy so I would get them right.
1. They live well below their means.
2. They allocate their time, energy, and money efficiently, in
ways conducive to building wealth.
3. They believe that financial independence is more important
than displaying high social status.
4. Their parents did not provide economic outpatient care.
5. Their adult children are economically self-sufficient.
6. They are proficient in targeting market opportunities.
7. They chose the right occupation.
https://davidbeitler.com/temp/The%20...ANTESH.PDF.pdf
Here's a link to the book's PDF link, It's good reading when trying to understand "substantial" wealth.
Damm, I miss hanging at The Brick and racing out on east Kellogg back in the day when The Model Nursery was still around.
Some of the cars in the storage units were mind blowing.
Since you didn't read this, I'm glad you won't respond.
Real advice from a marital law expert: Never marry a woman who is dependent of you, once she is no longer dependent, she aknowledges it by leaving and taking half your shit with her.