ENGLISH C LAW Eyal Soffer Lesson # 1

MENU  Rules & Regulations  Course requirements  Prenuptial Agreements

RULES & REGULATIONS Date & Time: Monday 20:30 – 22:30 Date & Time: Monday 20:30 – 22:30 Doors close at 20:30, late comers may enter once 15 minutes after the lesson starts Doors close at 20:30, late comers may enter once 15 minutes after the lesson starts NO CELLPHONES!! Any form of usage is prohibited: turned off, in the bag NO CELLPHONES!! Any form of usage is prohibited: turned off, in the bag In & out during the lesson is prohibited In & out during the lesson is prohibited Be civil to yourselves and others Be civil to yourselves and others No food during the lesson, only drinks No food during the lesson, only drinks No Laptops No Laptops

COURSE REQUIREMENTS Attendance is compulsory Attendance is compulsory Participation, HW, assignments, quizzes, midterm, seen, pass exams and quizzes Participation, HW, assignments, quizzes, midterm, seen, pass exams and quizzes Dictionary Dictionary Notebook Notebook Pen/ Pencil Pen/ Pencil Mental preparation Mental preparation

GRADE INGREDIENTS Midterm 15% Seen 10% HW, Quizzes, attendance 15% Final exam 60%

PRENUPTIAL AGREEMENTS BY: STUART H. GROZBEAN What do you need to know? Be smart- understand the law. A. Believe it or not nearly 50 percent of all marriages end in divorce. Most end inexpensive legal battles that cost thousands of dollars in legal fees, emotional distress and financial chaos. B. Many couples, deeply in love, feel it is not romantic, or gives a sense of disloyalty if they tell their significant other about the need to enter into a prenuptial agreement before marriage. The fact is that you are entering into a business partnership. Each of you is going to be contributing, whether financial or otherwise into this new partnership.

C. So the big question is whether you need a pre-nuptial agreement. Let's first start with the couple just starting out. You both have jobs, no money and great expectations. For you, the answer is yes, because no one can predict the future. One or both may and probably will change jobs for the better. That means more money, assets, debts, and division of property. D. If you have a good paying job and starting to accumulate assets or have been previously married, a prenuptial is also a good idea. When this new partnership does not work, there is some method to untangle the financial web you have created during the marriage.

E. Furthermore, if you have children from a prior marriage a prenuptial is a good idea to protect your assets, so you can pass them on to your kids. F. Remember, courts look at an agreement as a contract and will uphold the contract even if it may not be totally equal. The court will not generally reinvent your agreement to save it. Both parties must make a full disclosure of financial assets. A few states frown upon these types of agreements even if written to conform to the laws of the state where you were living when written. Even then it is better to have an agreement because even those courts may well find your agreement valid and fair. G. You should both have the agreement reviewed by an attorney. It ensures that each of you understand the contract you are entering into and the court is more likely to enforce an agreement where both parties had legal representation.

QUESTIONS 1. How is paragraph A related to the title? a. It explains the meaning of prenuptial agreements. b. It explains the cause of prenuptial agreements. c. It explains the result of prenuptial agreements. d. It explains the needlessness of prenuptial agreements. 2. Why do many couples resist prenuptial agreements? a. It is not romantic. b. It gives a sense of disloyalty. 3. How is marriage similar to a business partnership? Each of you is going to be contributing, whether financial or otherwise into this new partnership.

Casesreasons The couple just starting outOne or both may and probably will change jobs for the better. That means more money, assets, debts, and division of property. If you have a good paying job and starting to accumulate assets or have been previously married When this new partnership does not work, there is some method to untangle the financial web you have created during the marriage. if you have children from a prior marriage you can pass your assets on to your kids 4. Fill in the chart. In which case a prenuptial agreement is needed and why?

5. Complete the following sentence. Even though some states may not like prenuptial agreements, it is good to have one because their courts ________________________________. May find your agreement valid and fair. 6. What are the benefits of having a prenuptial agreement checked by a lawyer? a. It ensures that each of you understand the contract you are entering into. b. The court is more likely to enforce the agreement.