Adam Lane Smith

I have a lot of clients where the wife has been emotionally divorced for five years from her husband and then she files kind of thing.

But, you know, we need to see what's going to happen.

We don't need to be divorced like, oh, it's going to be this great magical experience.

The woman will get the house and all the kids and all the money and ha ha ha.

No, she needs to know the dark reality of what's going to happen.

Right.

Spell it out on paper before you sign the business.

What do you think of business contracts that don't include a termination section?

right what do you think of business contracts that don't explain how you're going to divide assets right now while you're calm so that when you're angry you don't have to worry about it it's necessary it's mandatory a lawyer would scream at you for not including that that has to be in a prenup but you know it doesn't have to be in the prenup or you know what what doesn't have to stop just just in the prenup it's not just how we're going to end a prenup is not how we're going to end our relationship

A prenup is how will we build a business together?

And one part of it is how would we end it?

But how will we do it?

Every month we will set aside, you know, every year we will set aside 5% of our total income into a joint savings account.

If the marriage ends, the wife claims that entire amount.

Cool.

There we go.

There's some safety, right?

If something happens to her, she gets 5% of yearly income year after year after year.

Well, she could probably hold on for another three years.

And you know what could happen?