Prenuptial Agreements – Financial Considerations For Attorneys
Prenuptial agreements have become increasingly common to those in all income levels. In this episode of the Forensic Perspectives podcast, host Mark S. Gottlieb identifies the financial considerations attorneys should contemplate when preparing what many call the most unromantic document ever written.
Episode Highlights:
Mark mentions the classic film, Gone with the Wind. (1:02)
Mark discusses why the preparation of a prenuptial agreement has become increasingly common for those of all income levels. (1:39)
Mark shares where prenuptial agreements are commonly used. (2:31)
Mark explains the five significant financial concepts and concerns that matrimonial and family law practitioners need to consider when preparing such agreements. (3:16)
Mark mentions what the KISS principle stands for. (4:56)
Mark shares a checklist of objectives to assist the matrimonial and family law attorney. (5:16)
Key Quotes:
“Prenups today are commonly used by couples of many economic brackets. In short, discussions about money and other financial issues are essential for those planning to marry.” – Mark S. Gottlieb
“Keep It Simple Stupid (KISS) is an effective tool to communicate the financial desires of a separating party. It goes without saying, but it’s worth repeating, that both parties must agree to the goals of their prenuptial agreement, so to avoid any unnecessary conflicts in the future.” – Mark S. Gottlieb
“There is no dispute that marriage is an economic partnership and as in many legally binding relationships, the termination of marriage requires setting aside emotions and establishing a well thought out financial plan.” – Mark S. Gottlieb
