Keeping it Real - Prenups Are for Poor People - by……. Jean DeGrate
And by “poor people,” I mean me and you, of course: basically, regular people.
By definition, a prenuptial agreement is a contract entered into prior to marriage that can widely vary on terms and conditions. For most of us, though, we simply see it as a way to protect our s—t. And by “our s—t,” I mean assets, earnings and intellectual properties acquired prior to, during and after the marriage. I’m pretty sure this is an exact Johnnie Cochran quote.
Well, most of us don’t have s—t, and half of nothing is still nothing, right? No; it’s wrong, dead-ass wrong. Half of your pension and/or 401(k) is very much something, especially if you can no longer afford to retire and you have to get a job at Target after 30 years with a good government job. Half of your two-bedroom condo is definitely something, especially if you can’t afford to buy your ex out so you have to sell your s—t to pay her off.
You see, the prenup actually protects the little bit of stuff you do have, along with the stuff you will possibly attain during and after the relationship ends. We non one per center’s need that layer of protection that’s stopping us from moving into our brother’s house with his wife and two kids after the love is gone.
Your $75,000 salary is enough to keep you leasing a new 5-series BMW every three years, a week in Miami every summer, a boys’ weekend in Vegas when the mood strikes and a few pairs of Gucci shoes. You’re able to do all this dope s—t and still keep the lights on. Life is good and you’re comfortable, but you’re far from being rich. Now imagine forking over $15,000 a year in spousal support for the foreseeable future on top of draining out your savings to make good on that divorce settlement. Things are going to get a lot less comfortable.
We all plan to stay married forever, but people change, plus, forever is a mighty long time. The current divorce rate is about 50 percent, but would you bet half of your “everything” on the flip of a coin? I mean, that’s 50-50, too. Of course not; that would be crazy.
But you believe your marriage will be more stable because you’re a good judge of character, right? You didn’t pick your soul mate solely to jump the broom with. After all, the people in failed marriages got married for the wrong reasons or to the wrong person. That’s right, and you know this one is going to last forever. If you’re so sure of yourself and sure of your love, wouldn’t the prenup just be a piece of paper? Think of it as car insurance because you never plan to get into an accident, but just in case you do, you wouldn’t want to be without it.
In short? Prenup! Because being 53 and eating Top Ramen for dinner and sleeping in the basement at your brother’s house with his wife and two kids after the love is gone is s—t.