Tuesday, February 23, 2010

Are Pre-Nuptial Arrangements Necessary For All Long Term Relationships!


http://mimbari.livejournal.com/

February 23-2010:

Are Pre-Nuptial Arrangements Necessary
For All Long Term Relationships!

Historically in most cultures, the male was responsible for providing of the means/money for his family. Be it a Legal, or Common Law arrangement. The concept of any pre-arrangement is unheard of and unacceptable in most societies. However, in the USA, this arrangement seem to be the expectation for most individuals contemplating marriage. And of late, even Common Law and Shacking Up relationships are being included in this package.

Personal Security Guarantees:

Some people feel that if no prenuptial is made, if one individual loses his/her lease, job, health, or becomes disabled for a lengthy period. The expenses of that relationship rests upon the other party to foot the bill. And this strain can be devastating for most individuals, most of whom may not have the wherewithal or financial resources to meet those demands.

Furthermore, in the case of the death of a partner, loss of the apartment or home of one individual. And the relatives may want you to leave that apartment or face eviction. Then a prenuptial will cater for that eventuality too.

Even visitation rights for any individual in a relationship on a long term basis is appropriate, to ensure that the other party could visit his/her partner in hospital, and be a party to the decisions for funeral arrangements, should that be necessary too.

Bequeaths and Inheritance Rights:

This is another scenario where one or both parties have wealth or some inheritance, and would like to ensure that it is not squandered, stolen, withdrawn, or embezzled from the other party's bank account, without prior notice or approval. Especially if you have a Joint Bank Account.

Are Pre-nuptials The Best Way Forward In Any Relationship?

I believe that anyone who seriously want to embark upon any long term relationship or arrangement. Be it legal marriage or Common Law arrangement. He/she aught to consider this prior to making that decision. Discuss the Pros and Cons of this arrangement with your intended. And get their take and concerns about it. If he/she does not approve of that approach, do not press the issue any further.

And if you are resolute in demanding a pre-prenuptial from your partner before any long term arrangement, and he/she rejects it.

That is the time to go your separate ways!

Derryck.
NYC

No comments: