The Newest Trend in Prenuptial Agreements

 Posted on February 09, 2018 in Prenuptial Agreements

A prenuptial agreement is a legal document which a couple drafts and signs prior to getting married. Prenuptial agreements, also called “prenups” are intended to set forth directives regarding the spouses’ income and assets in the event that the spouses separate or divorce, or if one of the spouses passes away. Prenups vary in their specifics based on the couple’s circumstances, but generally include provisions about marital property and non-marital property, spousal maintenance or alimony, inheritance rights of children from other relationships, debts, and the financial responsibilities and rights of both spouses during the marriage.

Social Media Clauses Can Help Protect Online Reputations

The internet has dramatically changed the way we live and work. Many individuals have careers which rely on the online reputation they have worked hard to create. Social media is often a large part of the way some entrepreneurs, entertainers, or other business owners grow their brand.

Because of this, some engaged couples have started including clauses in their prenuptial agreement which address the role of social media in a couple’s marriage. Some are unconvinced about the necessity of this type of clause in a prenup. For the average person, social media is only a way to keep in touch with relatives and friends. For others, social media is their job.

YouTube stars Rhett McLaughlin and Charles Lincoln Neal III, known collectively as Rhett and Link, have gone from middle class engineers to millionaires via their hilarious YouTube videos. Both men quit their day jobs years ago and are now able to support themselves through advertisements and corporate sponsorships. Likewise, Jack Morris and Lauren Bullen were a regular couple before their Instagram account went viral. Now the two make six-figure incomes through chronicling their travels through beautiful photographs, which they post to Instagram.

If a person’s online reputation is strongly connected to their income, it follows that they would want to legally protect that reputation. Social media clauses in prenuptial agreements allows them to do this. So for example, an angry spouse cannot post embarrassing or reputation-tarnishing pictures of their spouse out of spite without being held financially accountable.

Contact Us for Help

If you and your partner are considering a prenuptial agreement, you are probably overwhelmed by the amount of clauses and provisions available to you. A skilled Naperville family law attorney has the experience and skills necessary to help you figure out what type of prenuptial agreement is right for you and your new family. To schedule a confidential consultation, call 630-352-2240 today.

Sources:

https://www.cnbc.com/2014/06/04/more-couples-getting-social-media-prenups.html

http://abcnews.go.com/Lifestyle/love-perfect-watch-facebook-social-media-prenups/story?id=23977608