Joseph Cordell was quoted in St. Louis Magazine about new trends in prenuptial agreements.
There’s a popular perception that prenups are a cynical way to enter into a marriage,” said Cordell. “It’s true there’s recognition of the possibility of divorce, but to think otherwise is contrary to reality.”
“It’s more incumbent upon some people entering a marriage than others,” he added. “If you have a young couple getting married, and they’re both broke, then marital property is probably subject to a 50/50 division. By contrast, when you have an older couple, where parties have been married before or have accumulated substantial amounts of property, through a slight misstep in the normal judicial process of divorce, separate assets could be converted to become marital property. It would be reckless for a couple in that second example to ignore the possibility of divorce.”
Contact a Cordell & Cordell office near you to set up an appointment to discuss your prenuptial agreement.