I Will Love You Forever, But Please Sign This Prenup
Scenario Summary
Marietta and Jeremy have been dating for the past 3 years. They got engaged 1 year ago and are planning their wedding. Marietta was born and raised in the Philippines, came to America about 5 years ago, and obtained citizenship 2 years ago. She has never been married before and has strong family ties and family values. Jeremy, was married for 5 years, has one child that is 6 years old, and his final divorce papers finally arrived after 4 years ago of long and difficult negotiations. He built his company and is financially stable because of all of his hard work and accomplishments. He loves Marietta, and doesn’t want to think about divorce, but his past experience has left him uneasy and not only has the financial loss been traumatic, but the fight for equal custody was strenuous, but declared in the final divorce settlement. He would like to put a pre-nuptial agreement together, but Marietta cannot understand the reasoning behind this agreement.
Your Assignment
Review the case study and assume the role of either Marietta or Jeremy. Write a 400 word essay explaining the reasoning behind your thoughts and actions.
Why do you want or not want to enter into this type of an agreement?
What are your fears?
What are your rights?
What are your concerns?
What would be the advantages or disadvantages of your decision?
OUTLINE
Jeremy
1. Want
a. Prenup
2. Fears
a. Marietta being liable for my debt
b. Another divorce with expensive lawyers
c. Loosing the estate that should go to my child
3. Rights
a. Legaly binding
b. Financially sound plan
c. Protection from the courts
4. Concerns
a. To late in the game to sign, already 4 years in
5. Pros & Cons
a. Pros
i. Kids portion of inheritance is safe
ii. Marietta free of my debt
iii. Build a new future together
b. Cons
i. Might seem like I’m afraid to get married
ii....