Tips for February from LegalMatch
 
02/13/2018 11:15 AM

Love on Paper: the Pros and Cons of a Prenuptial Agreement

 

Gossip circles love to speculate on whether a couple had a prenuptial agreement

, especially if a marriage doesn’t work out. For those who are considering tying the knot, it may be difficult thinking about what will happen if your spouse cheats or if the love you feel now begins to fade away. In reality, marriage is much more than a romantic relationship, it is also a business relationship. Before you decide for or against a prenup, take into consideration the following pros and cons:

Pros

 

  • If you have a business, a prenuptial agreement can protect it from being divided up upon divorce.

  • If you are planning to give up your career to take care of children, a prenup can ensure that you are compensated for that sacrifice.

  • A prenuptial agreement can put a limit on how much alimony one spouse will have to pay the other in the event of divorce.

  • Prenuptial agreements can protect older individuals, people who remarrying, and those who are wealthy.

  • A prenup can protect an individual who is debt-free from incurring the debt obligations of their spouse.

  • Premarital agreements can also include details separate from the financial aspects of a relationship, such as responsibility-sharing and decision-making.

Cons

 

  • Prenuptial agreements can also affect the surviving spouse after the other dies. The agreement can exclude an individual from inheriting the estate of their spouse after death.

  • For some people, a prenup can impart a sense of distrust at the start of a marriage since it lays out the details of what will happen in a divorce or upon death.

  • If one spouse contributed to the other’s growing business by entertaining clients, taking care of the home while the other was away, or any other supportive acts, they may not receive a portion of the increase in the business’ value upon divorce or death.

  • A spouse’s better judgment may be clouded by love in the premarital stage and they may agree to something that doesn’t serve them well.

  • An individual who earns significantly less money may not be able to sustain their married lifestyle if a cap on alimony had been established.

If you are able to think of marriage as a sort of business relationship, you may be doing yourself a favor. Think of it this way, would you sign away a severance package from work just because you are exciting about working for the company? If the answer is no, you may want to consult an attorney before you walk down the aisle into happily ever after.

 

 

Top 3 Craziest Valentine’s Day Lawsuits

 

Sometimes, the day that is dedicated to love birds, chocolate exchanges, and the floral industry goes in the complete opposite direction of cupid’s arrow. Valentine’s Day, or as some of us call it “Singles Awareness Day” turned out to be more than memorable for the poor saps below.

Illinois Man Loses Tongue in Kiss Gone Wrong

 

For one Illinois man, kissing will never be the same. After enjoying a Valentine’s Day dinner together, the man and his girlfriend of 10 months got into an argument upon returning home. When he tried to kiss and make-up instead of leaving like she had asked, his girlfriend bit off a large chunk of his tongue. Unfortunately, the man’s courageous attempt at saving his severed tongue by putting it on ice just wasn’t enough. The lack of blood supply meant it could not be reattached, and he is now with considerably fewer taste buds.

Idaho Man Sues for Excessive Force to the…Crotch?

 

Here is another unlucky fellow: A Boise man had high hopes of rekindling love and patching up the relationship he had with his girlfriend, but she had other plans. The woman rang a friend asking them to bring someone over to beat the man up. The friend called police instead, and upon arrival, tasered the gentleman with a perfect shot to the crotch. He sued, of course, and won his case on grounds of excessive force

and a Fourth Amendment rights violation.

Police Negligence Led to $10 Million Award for Domestic Violence Death

 

The father of fatal stabbing victim, Tiana Notice of Plainville, Connecticut was awarded $10 million in damages by a Connecticut jury in the wrongful death and negligence lawsuit against police. Tiana, 25, was murdered by her ex-boyfriend, James Carter II on Valentine’s Day of 2014. Carter had violated a restraining order multiple times in the weeks leading up to the murder, yet police officers failed to arrest Carter. The inaction of police officers led to other settled negligence claims in an undisclosed amount.

 

 

 

Expensive Romantic Presents: Are They Gifts or Conditional?

 

There is an old, debatable idea that spending three month’s salary on an engagement ring is an acceptable practice. Three month’s salary is a lot of money, especially if you don’t actually get the relationship that the ring represents. Is it also an acceptable practice that the person who paid for the ring gets it back? Is it rightfully the property of the gift-giver or should it remain with the recipient?

The debate of who keeps the engagement ring in this case comes down to whether a court considers the ring as a gift or as a conditional gift. For it to legally be a gift, the following three elements must be present:

  • The gift-giver’s intent was to give the ring as a gift;

  • The giver’s act of giving the gift to the recipient; and

  • The receiver’s act of accepting the gift

If all three elements are shown in cases involving revoked gifts, courts have typically held that the recipient may keep the item because it was a gift. However, conditional gifts are different. In the engagement ring example, it is reasonable to believe that the person giving the ring has the expectation of marriage taking place in the future. If the marriage does not happen, then the ring should be returned—at least, this is how most courts view engagement rings: as conditional gifts.

The argument often put up by the recipient, that the condition (engagement) was met by saying yes to the ring, usually doesn’t hold water in court. When it comes to expensive presents, look at it like some courts do, as a contract. Just as a contract is broken, so is an engagement. If the parties are unable to fulfill their obligations, they should be restored to their previous position. Hence, the ring goes back to the person who’s marriage hopes have been dashed.

If giving the ring back isn’t the answer a person wants to hear, some courts use the fault-based approach and order the ring to be given to the person who did not cause the broken engagement. Still, other courts will use the no-fault approach and order the ring back to the gift-giver, no matter what happened or who wronged who. Spending a lot of money on a gift whether it is conditional or not, is risky. The thought of engaging in a court battle may make spending that kind of money elsewhere much more enticing (like a honeymoon or house).

 

 

 

Before You Leap: What to Keep in Mind Before You Plan Your Big Day

 

Before you rush off to Las Vegas for a Valentine’s Day wedding, you really should lay a few things out on the table before saying, “I do.” Aside from the commitment that marriage entails, there are some legal issues that you and your future spouse will need to consider first, including:

  1. Application for a Marriage License: Some states take longer than others to issue a marriage license. Also of importance, if you are between the ages of 18 to 21 you may not be legally allowed to marry in certain states. If you are too close of kin, or are already married, forget about booking the Elvis impersonator as your officiant, because these marriages are illegal.

  2. Consider a Prenuptial Agreement: It may feel awkward to discuss getting a prenup, but doing so could save you expensive litigation in the future. A prenup can protect the properties of both parties and can also prevent one spouse from incurring the debts of the other.

  3. Talk About Assets and Debts: Unless you have a prenup, states that have community property laws will split marital property 50/50, including debts. It’s a good idea to be on the same page as your future spouse when it comes to spending habits, budgeting, and investment plans because financial problems lead many couples down divorce road.

  4. Destination Weddings: If you are planning on getting hitched abroad, be sure to remind your guests well in advance about having a passport and possibly a visa. Know the laws of the country where you are getting married; some countries require blood and medical tests, or you may even have to be a resident of the country. The country’s embassy or consulate is a good place to start your research.

  5. Make Sure the Ceremony is Legal: Most states will require you to be joined in matrimony by a specific person, such as a judge, clergy member, or minister. It is also not uncommon for states to allow someone to officiate a ceremony who has been ordained online.

The more details you can iron out before your wedding, the fewer surprises you will have in the future. Once you knock out the legal steps, your upcoming day of entree-sampling and cake-tasting will be that much sweeter.

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