When I first read what folks are calling Amelia Earhart’s “prenup,” I was sure it was too good to be true: here is, in 1931 or thereabouts, a woman telling her fiancé in no uncertain terms that she doesn’t necessarily intend to be faithful to him, that her career comes first and that she intends to keep a place where she can be alone, “now and then.”
But no, there it is at the Purdue University Library in a collection of the aviatrix’s papers.
Would that we all sent these letters to our partners before walking down the aisle. How much heartache could be avoided if people laid their hopes and intentions out plain for each other instead of assuming that a preacher and a piece of paper and an open bar would magically align life goals, personal preferences and financial habits? The answer is: a lot of heartache could be avoided. Keep reading »
“I want to make our wedding just about me and her loving each other. We want to get married in front of our friends and family and keep it normal. It ain’t about selling the pictures, it ain’t about doing no prenup.”
That’s what Russell Brand had to say back in October 2010, just days before he wed Katy Perry in an extravagant ceremony in India. Now, of course, it seems like Brand lucked out, at least financially. Last Friday, the comedian filed for divorce from Katy Perry (who didn’t want to file herself and offend her extremely religious parents) and the couples’ assets are up for grabs. Brand apparently stands to make, gulp, an estimated $20 million from the pop star’s fortune because, under California law, the state’s community property clause splits money and property acquired during the union 50/50 when there isn’t a prenup. Someone should have told Katy that rich “California Girls” cover their assets before walking down the aisle. It remains to be seen, of course, how this will actually play out in court and whether Brand will actually go for “his” half of Katy’s fortune. [Hollywood Life]
After the jump, more celebs who got married sans prenups. Spoiler alert: Most of their stories don’t end so well.
When I think prenup, I think Donald Trump protecting his vast fortune from gold-digging spouses. But this is an outdated point of view. Getting a prenuptial agreement is actually a very savvy move for a pragmatic couple. Prenups are an example of one of the important financial choices women can make from the outset of a marriage to minimize the financial upheaval in the worst-case scenario: divorce. Though few of us see ourselves as future-divorcees, I’ve come up with a few recommendations for preemptive, defensive financial management, just in case. Divorce still typically incurs much more financial harm to women than men. These four tips offer basic, fundamental financial safeguards that are only logical in an age of high divorce rates. Keep reading »
Ah, your wedding day(s). From the dress to the dinner, itâ€™s easy to spend your life’s savings. Of course you want everything to be perfect for the event where two become one, but what if your betrothed backs out at the last minute? Then youâ€™re left holding a big bill for the dance hall, the cake, and a pile of shrimp cocktail. Well, at least one politician has had enough. Jose Antonio Zepeda, a city deputy for Mexico City’s conservative National Action Party, wants to change the capitalâ€™s civil code to include a compensation clause for getting cold feet. If passed this spring, the bill will force the fiancÃ© who has cold feet to pay the others’ wedding costs. So, while they’ll still be able to break your heart, they wonâ€™t be able to break your bank. [Reuters] Keep reading »