PRENUPS MAKE A LOT OF $ENSE
With roughly half of all marriages ending in divorce, prenuptial agreements should be part of a woman’s financial thinking and planning, according to our financial advisers. As unromantic as it sounds, a woman needs to think of marriage — especially if she has significant assets of her own — as a financial transaction. Negotiating a prenup can be an ugly process, our advisers warn, adding that if things get ugly, that can be a signal of how the marriage itself will turn out.
Who Gets Grandma’s Lamp?
Prenuptial agreements are highly personalized and can get very specific regarding who gets what in a divorce, says Dorie Fain of AndWealth in New York.
We Call It the “Bimbo Clause”
Whether you’re planning a traditional or same-sex marriage, among the most important details of your prenuptial agreement is what Jennifer Hatch of Christopher Street Financial calls “The Bimbo Clause,” as she explains in describing her own same-sex marriage.
No Pre-Nup? How about a Post-Nup?
Jennifer Hatch of New York-based Christopher Street Financial sees a lot of value in a pre-nup. When there’s no pre-nup, a post-nup may do the job.
Remarrying? Prenup Essential. Process Can be “Horrible”
The first piece of advice that Debra Taylor of Taylor Financial Group gives a woman considering remarriage is to get a prenup, no matter how difficult the negotiating process may become. And, boy, can it get difficult, she warns.
Ugly Prenup Process Can Foretell Ugly Marriage
Women should keep a close eye on the attorney their future spouse picks to represent him in prenup negotiations, advises Dorie Fain of AndWealth in New York. If the lawyer is contentious and/or condescending, that can be a tipoff about how the marriage will go.
MORE ABOUT OUR GUESTS
DORIE FAIN
Ms. Fain runs a boutique financial advisory firm for a select group of women who are managing their new-found finances for the first time. She spent 12 years at Smith Barney, where she was the youngest woman ever hired into their training program.
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MAURA GRIFFIN
Ms. Griffin has more than 20 years experience in the financial services industry, including stints at UBS Equities Research and Citigroup Private Bank. A graduate of Georgetown University, she is a Certified Financial Planner. MORE FROM MAURA GRIFFIN
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JENNIFER HATCH
Ms. Hatch has more than 20 years of Wall Street experience, including stints at JP Morgan and Bear Stearns, where she specialized in high yield bonds and international equities. She is a Certified Financial Planner dedicated to solving the financial dilemmas of same-sex couples.
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EVE KAPLAN
Before starting her own firm, Ms. Kaplan spent many years in international finance in New York, Tokyo, Singapore and Rotterdam. In Rotterdam she managed nearly $1 billion in invested equities.
Columns on The Alternative Press
Contributions to Forbes
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DEBRA TAYLOR
Formerly a practicing attorney, Ms. Taylor heads a full service wealth management firm that provides a multidisciplinary approach to the needs of her clients, which include high net worth individuals and families.
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