Not a business arrangement but marriage is something to enter into carefully. When you are blinded by love everything looks rosy you can't imagine fighting over assets and them f---- you over at every turn should it turn sour. You have to be pragmatic and think about what if it doesn't last. Having said that I believe in love and lasting love. Not jaded at all.
I think much of that mentality harkens back to the time when women didn't work outside the home, and the man was the provider. In a divorce, the woman couldn't support herself because she had no marketable skills, or she desired to continue to stay home with her children and therefore needed support to do so. It's slowly evolving to the point that it's no longer automatically considered that it's a man job to foot the bill in cases like that. There are a few instances where I can see it appropriate for one partner to 'owe' the other something when the marriage dissolves, for instance if one works their ass off so the other can go to medical or law school and not have to work. But even in those cases I don't think alimony is the answer, I think some type of lump sum payment should be included in the divorce settlement. It wouldn't have to be directly monetary either, something like I agree to waive my claim to my 1/2 of the equity in any properties we hold. I think whatever you end up with should be fair to both parties, but I just don't think one has an obligation to support the other after the divorce.
Or a man Toughsnail. I think most of the men on here are the type that wouldn't expect a woman to support them after a divorce, however those men are out there. A man scorned is every bit as difficult to deal with as a woman. Not arguing, just saying.
Me too. I'm the biggest softy especially when it comes to IR love. I hope you saw the slide show I posted. The idea of marriage has left a very sour taste in my mouth. I really don't see the purpose anymore.
So don't get married, just live with someone and make sure you don't fulfill the requirements for a common law marriage. Not everyone on the planet wants to be married Andrae, and a piece of paper and a couple rings are not necessary for commitment.
That is still comparing apples and oranges. The more accurate example would be that you and I went in to business. We start off agreeing that you are going to mend dresses, and I'm going to manage the money. After a few years passes, we both decide that it is in the best interest of the business for you to stop doing what you are skilled at doing and start doing volunteer work at homeless shelters because it looks good for the business name in the community and it helps to bring more business to our store. You can't put a price on you or your volunteer work because it is an intangible asset to the company; however, it does get the business a lot of attention and we start to benefit from it financially. Then, fifteen years passes, and I decide that I don't want to be in business anymore with you. I have reaped great success from your hardwork, and I'm acknowledged for it in the business community. You on the other hand have lost your marketable skill that you had in the beginning. If you had continued mending dresses, we would have trained you to work with the electric sewer; and you would still have a marketable skill when our partnership dissolves. Unfortunately, that isn't what happened. You agreed to doing the volunteering because it was best for the business at the time and you thought that we were going to be life-long business partners until we retired. Now, you are unemployed and have no marketable skills because of something I suggested. Don't you feel like I'm partially responsible for the predicament that you are in now?? I agree with the bolded statement. I was under the impression that you didn't feel that way at all so we can agree on that.
Absolutely not its the risk I took. In business someone always comes out ahead and someone doesn't. Its the very spirit of capitalism, negotiating for the best deal possible. As for your example I disagree because child rearing and home keeping are necessary to maintain the hosuehold are necessary tasks if it weren't done by one of the parents resources would have to be allocated in order to meet that need where as your volunitary service example isn't necessary. Yes something beneficial was reaped but it wasn't necessary.
So, in a marriage, you think that one person will always come out ahead and the other one doesn't? In essence, you are saying that the person that decides to stay at home and raise the kids is the loser in the situation because that is the risk they took for trusting that his/her partner was going to stay true to his/her vow of death do us part. Personally, I don't think that you can look at marriage as a business proposition. I was just trying to go along with your example. In my opinion, the marriage is doomed to fail if you do. You are entitled to feel that way, Andrae. It just makes me feel sad for you.
I don't see how you can put a price to sacrificing and staying home with your kid. It can really been seen as a priviledge and honor to mold a life.
Spoken like someone who has never thought they would have to pay alimony. The courts deem it a business. They put monetary value on it
I can see what you are saying GG, however whenever the government gets involved and requires a license, that license becomes a legally binding document complete with laws specifying financial obligations, marriage is both a personal and business decision. In the majority of states the person (not always the man, but most often) who has the most financial assets before the marriage has the most at risk. We can all list horror stories on both sides of the ledger, but the one that sticks with me is a good buddy from college who was incredibly dumb enough to marry a girl who posed for Penthouse only five months after meeting her, despite my and everyone else who cared about him objections. My buddy had a house that he literally built with his father and brother from the ground up, he poured his life savings into building that dream house. Long story short his wife ends up cheating with the president of the local Hells Angels, he finds out, divorces her, SHE gets the house, moves in the Hells Angel and they start to deal drugs out the house. They get busted, house gets sold at auction. My buddy is still trying to recover financially.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA, Wait hold on. Let me catch my breath. HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA Plenty of women have been cheated on, and they didn't get the better part of a billion dollars for their trouble. No way this chick would have even made a million if she didn't spread her legs for Tiger. She deserves about $20 mil tops. It would take a regular nanny about fifty lifetimes to save up that much scratch. Brothers, don't get married. Divorce has turned into a system of legalized, court sponsored robbery, and these vindictive broads think that they have the right to break you if don't give them the fairytale life that they expected.
Spoken like a man that has never felt life growing inside his womb. I feel sorry for your friend and his situation. He should have secured the assets that he had prior to marriage. I don't have a problem with a prenup at all. I do have a problem with a spouse giving up his/her career to raise a family that the couple decided was in the best interest of the family and child, and for the still working spouse to act like that decision does not have monetary value. For an example, I'll use myself. I'm a partner in CPA firm. I make good money. In probably less than five years, I will be able to purchase a portion of one of my other partner's percentage of the business when he retires. When that occurs, I will be making well over $100,000 a year. Let's say that I get married next year, and we decide to have a child the following year. My spouse and I agree that we can live on his salary so that I can stay at home to raise our child(ren) and to make a home for us, which includes doing entertaining for his work and clients to help build his career. Then, after 15 years of wedded bliss, he decides to leave me. In that 15 years if I had continued working, I could have easily made over a million dollars if I had stayed with my firm. However, I'm now in the situation of trying to find an entry level job because I haven't used my accounting degree or CPA license in over a decade. I'm sure at the age of 51 that I'll be a hot commodity in the workforce. How am I not entitled to a percentage of the assets that we acquired during marriage in order to help restore me to where I would have been if I had continued working?
In that scenario I believe we are on the same page. This is where I am glad to hear you do not object to a pre-nup, there absolutely should be an agreement dividing the marital assets that you helped to build, as well as an equitable custody and child support agreement.
I agreed with dividing assets while married. I just don't think anything acquired before or after should be divided. Again this is about alimony. And again its a risk you take no one is making you do it. You can easily say no and hire a nanny that you're both responsible for and continue your career. There is no mandatory stay at home rule.