Prenup would keep biz in family
His parents are insistent, but shes hesitant to sign any such agreement.
D
EAR HARRY:
My daughter has just become engaged to a really neat guy. In discussing marriage plans, he told her that he is a partner in a family business, and that his parents are insisting that he get a pre-nuptial agreement to make sure the business ownership stays with the family.
Apparently, they also want her to agree to some other items. The two youngsters are very much in love, but our daughter is hesitant to sign any such agreement. She feels that it shows a lack of trust. His lawyer and family are trying to convince her with all kinds of pleas. It is reaching the point where it may be "either my way or no way."
You are our last resort, Harry. Any thoughts that might help?
WHAT HARRY SAYS: I fully appreciate both positions. Let's consider a slight change in both positions.
How about if we put a time limit on the agreement? Perhaps cutting it in half after five years and ending it after 10? Or ending it with the birth of the first child? Raising these questions could lead to an agreement that satisfies everyone. Be sure she has a lawyer examine the agreement.
Incidentally, more and more of such agreements are finding their way into first marriages for the reasons you cited. And an ever-increasing number are insisted on by women who are well-established financially.
Included in most? Distribution of property in case of divorce and alimony.