It's About My Money, Honey!
You thought taming lions was dangerous? Try proposing a prenuptual contract.
Published in MoneySense in May 2001 (Money)
Or so she thought, until Bill, her fiancé, chose that moment to drop a bombshell on her: a 10-page prenuptial agreement he wanted signed immediately.
Bill, who is 22 years older than Sally, owned a $3-million business that Sally co-managed, but according to the terms of the agreement she would have no claim to the business - or to Bill's home - if they were to divorce. Bill had paid out a $500,000 divorce settlement to his first wife and he didn't want to take any chances on losing another chunk of his fortune.
Still, his demand left Sally seething. "I had expected a contract," says Sally, whose circumstances are very real but whose name has been changed to protect her identity. "But I was completely shocked by the terms of it. In the event of a split, I was screwed."