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Prenuptial agreements:
Keeping it up to date
Joseph P. Zwack, an Iowa lawyer and author of a best-selling
handbook Premarital Agreements: When, Why and How to Write Them,
encourages couples with prenups to review them every few years.
After 10 years of marriage, for example, you might
want to consider giving your spouse more than the original prenup
provided for. "Prenuptial agreements are written defensively,"
he said, "so after a certain number of years, it's good to
be more generous."
One option for softening the blow of a prenup is to
add a "sunset clause," which specifies a time at which
the contract would expire -- for example, after 10 years of marriage.
"Some people like that idea, others don't,"
says Dunnan. "However, marriages do end after 10 or 20 years,
so review it with your lawyers carefully."
--Posted: June 15, 1999
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