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Trump: Pragnatism and Prenups
If you ever feel there is to much romance in the air and feel like being the buzz kill I have one word for you…prenuptual?
It would be like inviting someone to a fantastic meal at a new restauarant and handing them a barf bag before the entrees arrive.
Few modern day topics inspire such swift fury — even from those who aren’t directly involved. After all, asking your soulmate to sign a contract that limits his or her rights to your assets flies in the face of romance. It implies you don’t have faith in the relationship. And that you care more about your bank account than your soon-to-be spouse.
Take the king of prenups, Donald Trump who recently got engaged to Melania Knauss. He even inclided some advice on the matter in his book “How to Get Rich” :
“If I hadn’t signed a prenup, I would be writing this book from the perspective of somebody who lost big. We needed a bus to get Ivana’s lawyers to court. It was a disaster, but I had a solid prenup, and it held up. (Ivana Trump was awarded US$20 million of Mr Trumps billion-dollar fortune).”
Marla also signed a prenup that withstood subsequent court challenges. Trump ? who is wealthier today than ever before, with a net worth estimated at $2.5 billion ? has even more reason to insist on a prenup.
“I still think people have a stereotyped view of prenup agreements; that they say let me have everything and you get nothing,” Mason said. “Certainly those kinds of contracts still exist, but are these good solid relationships? Don’t believe it.”
Mason, a long-time family law attorney, said prenups today serve a much different purpose. They establish a dividing line of sorts between the hard-earned assets each party brings into the marriage and those they will share jointly after the vows are exchanged.
“More and more people are divorcing and marrying a second time and they [set these contracts up] because they don’t want to make the same mistakes over and over again,” Mason said. “They really want it to last, and both parties are usually far more open to doing all they can to [create a dispute-free] relationship.”
Perhaps most important, however, such contracts provide financial security for the children being thrown into a new family unit.
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