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Lis and the Single Girl: What You Need to Know about Prenuptial Agreements

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Single and fabulous? Well then this is the column for you!

Ever wish you had your own personal Carrie Bradshaw to answer your questions — not just about what to do if your boyfriend dumps you via text message — but serious issues that confront us? This special daily edition of “Lis on Law” will address topics that single women are faced and that everybody wonders about — but no one has time to figure out.

Between work, working out, dating and maintaining a social life, it’s tough to find time to do much else. So, read up and prepare to be fully armed for brunch this weekend with your friends with some super conversation topics! Your pals will be amazed!

* Scroll to the bottom for disclaimer information


My fiancé is a successful lawyer and wants a prenup, but neither of us have any major assets. I feel like he’s already dooming our relationship and I thought prenups were only for those getting re-married?

Gone are the days of traditional prenups where only billionaires or serial spouses protect their pre-marital treasure troves. People are starting to look at marriages like a business relationship and these contracts are starting to attract young, successful professionals who are marrying for the first time and want to protect assets in the six figures (rather than the seven figures). One divorce attorney described this new trend as a split personality syndrome that’s going on with younger couples right now as “Equal parts optimistic home and resigned pragmaticism.”

Although nothing says “I do” like a good ol’ fashioned sit down with two lawyers, experts rationalize that people like your fiancé want prenups because they’re waiting until late 20’s and 30’s to walk down the aisle — which means you’ve had time to acquire more wealth. Young couples are also drawing up prenups to protect future wealth. States like New York allow future earnings tied to professional licenses (like your finance’s law degree) or degrees deemed marital property. These higher degrees are considered assets that produce income and therefore are factored into the settlement if there’s ever a divorce proceeding.

These conversations can be very difficult for the spouse without the big bank account. You’re in love and suddenly you’re in a business negotiation with the person you want to share you’re life with. But fear not, more and more couples are having this conversation as merely a precaution. For some, it even makes the marriage stronger because they feel everything is out in the open.

Bottom line — it’s probably best not to slide a prenup across the dinner table a week before your wedding. Make sure you and your fiancé or sweetheart have the conversation early in the engagement. These are conversations you will have once you’re married, so getting to know your partners wants and needs early on can help head off more difficult discussions later in the marriage. And if you and your honey can make it through these conversations, dinner at the in-laws will be a walk in the park!


• Have a question for Lis? E-mail her and check back tomorrow for another edition of "Lis and the Single Girl."

• CLICK HERE for yesterday's entry!


Sources:

Prenuptial Agreement Related Frequently Asked Questions

How (and Why) to Bring-up a Pre-nup

With This Ring (and This Contract), I Thee Wed


* Disclaimer

The information contained in this Web site feature entitled “LIS ON LAW,” is provided as a service to visitors of foxnews.com, and does not constitute legal advice or establish an attorney client relationship. FOX NEWS NETWORK, LLC makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this web site feature and its associated sites. Nothing provided herein should be used as a substitute for the advice of your own counsel.


• E-mail Lis With Your Legal Questions!

Lis Wiehl joined FOX News Channel as a legal analyst in October 2001. She is currently a professor of law at the New York Law School. Wiehl received her undergraduate degree from Barnard College in 1983 and received her Master of Arts in Literature from the University of Queensland in 1985. In addition, she earned her Juris Doctor from Harvard Law School in 1987. Lis is also the author of The 51% Minority — How Women Still Are Not Equal and What You Can Do About It. (Watch the Video) To read the rest of Lis's bio, click here.