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Beyond Romance: The Financial Wisdom of Prenuptial Agreements
Manage episode 451058348 series 3617184
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In this episode of Divorce Law with Attorney David Beds, host Kevin Rosenquist speaks with experienced attorney David Badanes about the importance and practicalities of prenuptial agreements. They explore why prenups aren't just for the wealthy, their benefits for all couples, and how they can protect assets, debts, and ensure smoother financial transitions in case of divorce. David also dispels common misconceptions and shares actionable advice for couples considering a prenup, including timing, key provisions, and how to approach the topic in a relationship.
Timestamps
[0:00] – Introduction Kevin introduces attorney David Badanes, highlighting his expertise in divorce law and prenuptial agreements.
[2:00] – What is a Prenuptial Agreement? David explains prenups as flexible contracts designed to protect assets and debts, particularly useful for affluent couples or those with pensions, properties, or businesses.
[5:30] – Dispelling Misconceptions Prenups aren't just for the rich and famous—David discusses their relevance for anyone with assets, pensions, or financial concerns.
[9:15] – Financial Considerations in a Prenup David outlines key factors to include: property, pensions, collections, debts, and provisions for jointly owned assets. [12:40] – Property Division in New York The implications of property laws and how prenups help clarify asset ownership, including pensions, houses, and corporations.
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