Retired New York Yankees shortstop Derek Jeter and Supermodel Hannah Davis reportedly got engaged in the past few days. I am a huge Yankees fan and have been a fan of Derek Jeter since his arrival in the majors in 1996. He was a most eligible bachelor, apparently until now. My mother — the New York Mets fan — is very disappointed.
I bet they are getting a prenup. If they aren’t, they should strongly consider it. Why?
- Half of all marriages end in divorce.
- They are both wealthy and bring a lot of assets into the marriage. A prenup can help protect those assets.
- They both have lots of earnings potential.
- They both own businesses (i.e. the Players Tribune) and he has expressed interest in owning a major league team one day.
- If they decide to have children and one of them decides to take care of the kids (and maybe putting a career on hold).
- How they might manage finances (i.e. keep separate accounts, merge the marital ones). Incidentally, couples who run their finances jointly have a better chance of remaining married.
- Who is responsible for what roles in the marriage, down to house chores.
Perhaps a prenuptial agreement (or a post-nuptial agreement) is right for you too? You don’t need to be rich and famous to protect yourself. If you have a difference in incomes, want to protect your pre-existing assets or avoid becoming responsible for your fiancee’s debts (like student loans or credit cards), you should consider a prenup. Think of the prenup as an insurance policy. You don’t think you’re going to die tomorrow, but you have life insurance, right?
Mediation is an ideal way to negotiate a prenuptial agreement. Mediators are sensitive to the stage of the relationship that engaged couples find themselves in and can structure a process that is collaborative and non-adversarial. Read more about NJ prenuptial agreements.
Contact me to find out more about NJ prenuptial agreements or NJ post-nuptial agreements.