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Thread: Are pre-nups a thing now???

  1. #10
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    i'd say GL with that though. And that would also fall under don't marry someone stupid. If they're going to take you to court and spend deplete your combined assets of 50-100g on a longshot to get a bit more, they have to be stupid.

    http://www.oneillaw.ca/division-of-property.html
    http://www.qp.alberta.ca/documents/Acts/M08.pdf

    2. Property which is exempt from distribution under Section 7(2) of the Act includes:

    a. property of one of the spouses that they got before the marriage;

    b. property one spouse receives as a gift;

    c. property one spouse gets by inheritance;

    d. an award or settlement for damages in tort law in favour of a spouse (i.e. damages paid for injury in an automobile accident) unless the money is for a loss to both spouses.

    Exempt property (property that does not fall under the MPA) belongs to the spouse who received the exempt property. No claim by the other spouse can be made on this exempt property, except as explained in the section dealing with divisible property. If there is an increase in value of the exempt property, this increased value may be divided between the spouses.




    As for what a pre-nup is for, imo you're right, its for settling how assets accumulated over the marriage are going to be divided. This starts to make sense more so when there are kids from 2 families joining and inheritance is a factor. It really makes sense if pensions, rrsps, etc are involved when 2 people don't contribute equally. If you work 40 on 1 off and her life ambition is to watch soap operas all day, you might want a pre-nup to divided things up 70/30... or 99/1 or specify a few details.

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    Quote Originally Posted by zhao View Post
    i'd say GL with that though. And that would also fall under don't marry someone stupid. If they're going to take you to court and spend deplete your combined assets of 50-100g on a longshot to get a bit more, they have to be stupid.

    http://www.oneillaw.ca/division-of-property.html
    http://www.qp.alberta.ca/documents/Acts/M08.pdf

    2. Property which is exempt from distribution under Section 7(2) of the Act includes:

    a. property of one of the spouses that they got before the marriage;

    b. property one spouse receives as a gift;

    c. property one spouse gets by inheritance;

    d. an award or settlement for damages in tort law in favour of a spouse (i.e. damages paid for injury in an automobile accident) unless the money is for a loss to both spouses.

    Exempt property (property that does not fall under the MPA) belongs to the spouse who received the exempt property. No claim by the other spouse can be made on this exempt property, except as explained in the section dealing with divisible property. If there is an increase in value of the exempt property, this increased value may be divided between the spouses.




    As for what a pre-nup is for, imo you're right, its for settling how assets accumulated over the marriage are going to be divided. This starts to make sense more so when there are kids from 2 families joining and inheritance is a factor. It really makes sense if pensions, rrsps, etc are involved when 2 people don't contribute equally. If you work 40 on 1 off and her life ambition is to watch soap operas all day, you might want a pre-nup to divided things up 70/30... or 99/1 or specify a few details.

    Newsflash! 90% of women that get divorced are "stupid" by your definition.

    Exactly, it's just good practice to prepare for things. You don't plan for a hurricane to hit your house when you live on the Florida coast, but it bloody well happens to enough people around you every year it just makes sense to keep water and food rations on hand just in case it happens to you. If a woman IS ready to walk away and split things up fairly, all it takes is one chance meeting with a lawyer and have them convince her she is a victim and deserves everything, and next thing you know you're standing in court wondering what the fuck happened to this lovely woman you made your bride.

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    Seems like some bitter people in this thread that have been taken to the cleaners via ex-wives lol


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    Quote Originally Posted by LOLJDM View Post
    Seems like some bitter people in this thread that have been taken to the cleaners via ex-wives lol
    I'm still happily married. lol. But I sure do know a lot of guys that have been royally screwed.

  5. #14
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    Quote Originally Posted by MisterMan View Post
    What does trust have to do with anything? Sometimes life changes and theres nothing you can do about it. From a mans point of view, why would you want to lose half your shit because of unforseen circumstances? And from a womens point of view, why would you want to fight your ex in court for 3 years to get half his shit and hand it all over to the lawyer to cover his/her fees? With a prenup you decide up front what is fair while you don't hate someone on the front end, and then there's no fighting and BS on the back end if god forbid something happens.

    What does "trust have anything to do with it?" you're entering a relationship with someone. If you don't implicitly trust the person you are marrying, well, a fool and his money.

    Sounds like a lack of maturity to me.
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    Quote Originally Posted by Cyanide Ride View Post
    What does "trust have anything to do with it?" you're entering a relationship with someone. If you don't implicitly trust the person you are marrying, well, a fool and his money.

    Sounds like a lack of maturity to me.
    I think it's about people changing. Maybe menopause is going to make your wife turn so intolerably, bat-shit crazy that you need to throw her out before you murder her. There are a lot of possibilities, albeit many of them remote.
    My millionaire friends that have been burned before have it LOCKED the fuck down in pre-nup's, now. Wifey gets a big cheque, the keys to get car and the locks get changed. Ctrl+A / Delete / Ctrl+S.

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    There is other things that you, guys are over looking; with a marriage contract ( prenup) you can plan for worst case ahead of time. Things like debt like say you paid off your spouses student loans there could be a clause in the contract that if the marriage is terminated before X time that the spouse will then have to repay that back to you or form their portion of the split. Also you can specify support payments, child custody, ect from a good place not from a place of anger during most divorces. One of the biggest things is right now if you are a faithful spouse but they cheat on you even if you did nothing wrong and you where committed the courts don't give a shit and will say split it down the middle. With the contracts you can put in faithfulness clauses for each party and what happens in that event so one cheats for example your wife cheats on you the agreement might state that the offending party is only entitled to 25% of the combined assets and potentially no or reduced support payments. People think they are only for high earners but they aren't they are to protect both parties and its easier to make sure both parties are protected incase something happens again from a good place not a place of anger and animosity.

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    Quote Originally Posted by So Much Win ! View Post
    There is other things that you, guys are over looking; with a marriage contract ( prenup) you can plan for worst case ahead of time. Things like debt like say you paid off your spouses student loans there could be a clause in the contract that if the marriage is terminated before X time that the spouse will then have to repay that back to you or form their portion of the split. Also you can specify support payments, child custody, ect from a good place not from a place of anger during most divorces. One of the biggest things is right now if you are a faithful spouse but they cheat on you even if you did nothing wrong and you where committed the courts don't give a shit and will say split it down the middle. With the contracts you can put in faithfulness clauses for each party and what happens in that event so one cheats for example your wife cheats on you the agreement might state that the offending party is only entitled to 25% of the combined assets and potentially no or reduced support payments. People think they are only for high earners but they aren't they are to protect both parties and its easier to make sure both parties are protected incase something happens again from a good place not a place of anger and animosity.
    Child support is set by courts, no way around that one. So no sense putting it in a pre-nup. Everything else is spot on.

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