Popping the prenup question

prenup, man woman agreement
Discussing finances in a loving way is the first step to understanding, our experts tell us. / Moodboard

When news broke about Kris and Bruce Jenner’s separation last week, Steven Eisman, partner and director of the matrimonial law department at Abrams Fensterman, was surprised they didn’t sign a prenuptial agreement before their 1991 wedding vows.

“They both had a substantial net worth at the time of their marriage —  they were both somewhat celebrities,” he says. Years later, after clothing lines, endorsement deals and a reality show, their net worth will be an issue as they head to divorce court.

Considering that the Jenners entered their union with children from former marriages, Eisman says prenups aren’t unusual for second marriages because people want to take care of their children.

Kardashian empire aside, Eisman sees more and more couples walking down the aisle at a later age, which means they’re more likely to have assets to protect. “They say, ‘I love you forever and ever but in case it doesn’t work, I don’t want to share everything I acquired before we tied the knot.’” Sure, it’s his job, but Eisman says it is indeed better to be prepared and realistic.

Kathleen E. Stoner, attorney and co-author of “Prenuptial Agreements: How to Write a Fair & Lasting Contract,” says the cost of a prenup depends on how complicated it is and who drafts it. “High-end premarital agreements involving substantial assets could cost thousands of dollars. In contrast, simpler premarital agreements in some parts of the country might run between $500 and $1,000.”

As for bringing up the sensitive topic with your spouse-to-be, she recommends talking early on and suggests that couples sign the contract at least three months before the big day. Stoner adds, “A prenup that is signed just days or hours before the wedding could be set aside under some state laws.”

Although it’s oh-so-unromantic to talk about finances and properties, she says any relationship will involve money, so the “best thing for people to do is to learn how to have those conversations in a loving way.”

She also says that those conversations have to keep going throughout the relationship — it’s wise to review the prenup every few years to see if it still makes sense. “Some prenups even include a commitment to doing that,” she says.

Stoner says prenups are not for everyone but she believes everyone should consider it and do their research. “Make a well-informed decision about [prenups] based upon the individual circumstances and the laws of [the] state.”

By the numbers:

According to the most recent data, in 2011 there were 2,118,000 marriages and 877,000 divorces and annulments in the U.S.

• Average age of a woman to marry for the first time:
2012: 26.6
1987: 23.6
1962: 20.3

• Average age of a man to marry for the first time:
2012: 28.6
1987: 25.8
1962: 22.7

• The divorce rate for 50-plus crowd is going up: In 2011, 15.4 percent were divorced and 2.1 percent separated.



News
Entertainment
Sports
Lifestyle
National

Parched Texas town turns to sewage water to…

By Marice RichterDALLAS (Reuters) - When the going got tough due one of with worst droughts in a century, the parched Texas city of Wichita…

International

NYPD: Robber makes elderly man drive to Queens…

A robber grabbed an elderly man's neck outside a Queens supermarket, stole his wallet and made him drive to ATMs for withdrawals last week, police said.

Local

Manhunt on for armed bandits in $181,000 heist…

A manhunt was underway on Tuesday for masked bandits who reportedly stole roughly $181,000 in an armed robbery at Caesar's Atlantic City casino in New Jersey, police said.

Local

Tattooed, bearded suspect sought in Williamsburg bike theft:…

The suspected thief faces grand larceny charges after investigators said he entered the building on North 5th Street in Williamsburg.

Arts

Theater: “Love and Human Remains” is worse than…

"Love and Human Remains" is the worst show we've ever not walked out of.

Movies

Review: 'A Most Wanted Man' works better when…

In one of his last roles, Philip Seymour Hoffman headlines the John Le Carre adaptation of "A Most Wanted Man," about the pursuit of a Chechen refugee.

Television

TV watch list, Tuesday, July 22: 'Royal Pains,'…

Catch a new episode of "Royal Pains" where Hank has to help out a housesitter.

Entertainment

'Bachelorette' recap: Episode 10, 'Men Tell All'

Why does the #MenTellAll episode exist? Because they don’t, and it shouldn’t. Is it a lazy vehicle to sell more ad space? Is it to…

MLB

MLB Power Rankings: A's, Angels, Dodgers, Brewers lead…

MLB Power Rankings: A's, Angels, Dodgers, Brewers lead pack

NFL

2014 NFL season betting odds: Which team will…

2014 NFL season betting odds: Which team will win Super Bowl?

NFL

5 players to watch at Giants training camp

Metro takes a look at five players who will be on everyone’s mind when Giants training camp gets underway.

NFL

'Vicktory dogs' travel road to rehabilitation seven years…

Of the dozens of dogs groomed by Bad Newz Kennels, 48 were rescued and 22 of the pit bull terriers have emerged at Best Friends Animal Society.

Home

5 New Ikea products that will change your…

We round-up the latest must-have products.

Parenting

Buy gently worn back-to-school clothes with Kidizen

Kidizen allows parents to buy and sell gently worn back-to-school clothes.

Wellbeing

Ruling could be beginning of the end for…

This morning, a federal appeals court threw out an IRS regulation that implements subsidies for low-income Americans who bought insurance through Obamacare. These Affordable Care…

Tech

RocketSkates let users roll with a motor

Los Angeles company Acton has raised funds on Kickstarter to roll out a nifty alternative – motor-powered "RocketSkates."