On behalf of Ronald H. Kauffman, P.A. posted in Agreements on Tuesday, December 31, 2013.
Prenuptial property division are important. They help keep your property yours. You get to make your own standards for alimony. And, divorce becomes a lot cheaper, simpler and faster to resolve. Interestingly, a recent study found that millionaire men mostly don’t require prenuptial agreements, but millionaire women mostly do want prenups.
As San Francisco Weekly reports, a study prepared by Millionairematch.com did a random sample of 524 millionaires in the San Francisco Bay Area where there’s plenty of “new money” to be found. Especially in Silicon Valley.
The survey results were surprising:
- 82.6 % of millionaire men in Silicon Valley are most likely to seek out non-millionaire women.
- Only 16.2 % of millionaire men in Silicon Valley insist on a prenuptial agreements.
- Millionaire women, however, were quite the opposite
- 86.7% of millionaire women preferred dating other millionaires.
- 92.4% of millionaire women insist on prenups.
Apparently to marry a non-millionaire means to be charitable. The more popular responses from men polled had to do with dating “somebody who appreciates things” and not dating “bossy, middle-aged women who can take care of themselves.”
For women it’s a matter of “not carrying the whole financial burden,” according to a female member worth $100 million. (What financial burden is she referring to when one member of the couple is worth $100 million?) Must be tough when one decides love does cost a thing.
With many first marriages ending in divorce, and most second or third ones hitting the skids, a prenup is smart financial planning. A prenuptial agreement and the discussions that go with it can help ensure the financial well-being of the marriage.
The article can be read here.