Alyssa Rower is a divorce attorney and practices matrimonial law in NYC. She’s fierce, she’s forthcoming and she is teaching us about the legal and financial elements of marriage that we aren’t total know-it-alls about! How refreshing. Alyssa has been featured and written articles for HuffPost, Brides.com, Forbes and The Chicago Tribune - to name a few. We’re stoked to have her on the podcast!Big TakeawaysA prenuptial agreement is a document you deal with before you get married. It protect...
Alyssa Rower is a divorce attorney and practices matrimonial law in NYC. She’s fierce, she’s forthcoming and she is teaching us about the legal and financial elements of marriage that we aren’t total know-it-alls about! How refreshing. Alyssa has been featured and written articles for HuffPost, Brides.com, Forbes and The Chicago Tribune - to name a few. We’re stoked to have her on the podcast!
Big Takeaways
A prenuptial agreement is a document you deal with before you get married. It protects you in the event of one partner’s death, or in the event of divorce. It’s not just for rich people! Alyssa tells us how a regular old business owner or entrepreneur might also consider a pre-nup - and what reasons may be enough to spend the money for one!
This is all state by state - it doesn’t matter what state you were married in, it depends on what state you reside in during the years during your marriage, or leading up to your divorce. This matters! Especially when it comes to inheritances, and - just a couple years ago - because of marriage equality laws differing from state to state. So it’s in everyone’s best interest to research the laws of your state before legally binding yourself to another person! A prenuptial agreement is an agreement that crosses state lines. So - it may make proceedings feel ‘safer’ or smarter for both parties.
Alimony, spousal support and child support laws also vary greatly from state to state...if you don’t have a prenup, you have to consider these terms with every major life decision you make together as a couple: having children, owning property, changing jobs, relocating, sickness or leaving the workplace entirely. Also, thinking about your estate and who/how you want to leave it in the event that you die can come into play when drafting documents pre-marriage agreements. This matters specifically for people that get married and both bring children into the family.
Deal with this stuff early on and get it done well before you are sending out your wedding invitations. It’s far less stressful to get it done early, if you are going to do it. And make sure you are both involved in the creation and formation of the document! This mutual understanding about the finances of your relationship is important whether you get a prenup or not. Both partners should have a good understanding of what is going on - in marriage and in divorce.
Links we referenced
https://www.rowerllc.com
https://www.rowerllc.com/lectures-publications-1/
https://www.forbes.com/sites/groupthink/2018/01/28/those-who-are-most-in-need-of-a-prenup-may-surprise-you/
https://www.businessinsider.com/how-to-strengthen-your-marriage-with-a-prenup-2018-5?r=UK&IR=T
https://soundcloud.com/user-866073407/what-happens-to-your-business
The Big Wedding Planning Podcast is...
Hosted and produced by Michelle Martinez.
- Edited by Veronica Gruba
- Music by Steph Altman of Mophonics
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