Prenup 'partment

This is completely anecdotal, but in talking to some young white collar employees at major companies/firms in the business/banking/legal fields, I've been hearing some really interesting stories. It seems that prenuptial agreements are growing in popularity among this subset of people, and its not because they've spent too much time watching Sex in the City and other such shows. When I first heard about it, I thought it was just mistrust in courts to properly divide property and provide an equitable outcome for both parties. Instead, the reasoning seems solely concentrated on the crazy real estate situation (you don't think crazy is the right word? peep this) and the risk of being left without an apartment (or with only the right to half of one) down the road.

With property prices and the divorce rate constantly going up these days and with it being common that women require a man to have an apartment before they get married, many of those guys are making sure their apartment is fully protected in case of a divorce. While, typically, this wouldn't be deemed as communal property, it appears that courts have sometimes deemed it such as the apartment was purchased shortly before marriage and as a precondition to the marriage taking place. There is also a desire to protect potential communal property in the case where one spouse knows that in the marriage, they will take on much or all the burden of the apartment purchase and/or mortgage. Interestingly, in the first situation, often it is the spouse that didn't buy the apartment who is pushing for a prenup that will grant them a right to the apartment in divorce as they are very concerned about not buying an apartment before marriage only to find that prices have doubled or tripled when it comes time for a divorce and they are left in the cold.

As I said, purely anecdotal, but I've heard it discussed a lot lately, anyone else hearing similar things?


Rick said...
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S Lloyd said...

I would like to one day build a documentary of world's best food cities top ranked restaurants (I have just done this for Montreal). What would you consider as the top 10 of all China's major cities restaurants. Thanks