Archive for the ‘Marital Agreements’ Category

Donald Trump Endorses Prenuptials. You Don’t Have To Be Donald To Need One!

Sunday, January 6th, 2008

In Donald Trump’s new book Think BIG and Kick Ass in Business and Life, co-written with Bill Zanker of The Learning Annex in New York, Trump and Zanker say, “Marriage is a contract unlike any other contract in life. You marry for love. But your signature on the marriage certificate is all about rights, duties, and property. It’s a legally binding contract that knows nothing of love. If the love dies, all you have left is a resentful ex-spouse and the marriage certificate. There’s nothing more terrible than an ex-spouse with a ten-ton axe to grind, and no agreement on how your common property is to be divided. It usually leads to all-out war that is more vicious than any legal battle in business and could easily lead to your financial and emotional ruin. Always get a prenup. It’s just too risky not to.”

You might think to yourself, “Well, of course Donald Trump needs a prenup. He’s been married a bunch of times and he’s a billionaire. But I don’t have anything in my savings account, no retirement, and my house only has $10,000.00 in equity. I do not have anything worth protecting so I don’t need a prenuptial agreement. Plus, my spouse and I would never act that way.”

That line of thinking is wrong for three reasons:

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