Talked to a guy this Friday who had just gone through a messy divorce. He had no prenup and is in financial hell. His house is going to foreclosure in three weeks. This isn't a millionaire I'm talking about, he's an independent contractor making ~$50,000/year.
His divorce ravaged his savings. He did get to keep his house however the wife took all his money to compensate for the 'lost equity'.
The worst part is the child support payments. He has to pay his wife $800/mo so that she can take care of the kids on the weekends! She uses that money for her own benifit while he takes care of them.
$800 a month is $9600 per year. He was in great shape before this, he didn't abuse credit cards or any consumer debt. Now he's in foreclosure.
Guys if you aren't getting a prenup I wish you the best of luck, you'll need it.
Edited for spelling
His divorce ravaged his savings. He did get to keep his house however the wife took all his money to compensate for the 'lost equity'.
The worst part is the child support payments. He has to pay his wife $800/mo so that she can take care of the kids on the weekends! She uses that money for her own benifit while he takes care of them.
$800 a month is $9600 per year. He was in great shape before this, he didn't abuse credit cards or any consumer debt. Now he's in foreclosure.
Guys if you aren't getting a prenup I wish you the best of luck, you'll need it.
Edited for spelling