A Trend in Diamonds?... Have you considered a Prenup?

According to a recent post by a jeweler that specializes in diamond rings, Brown Diamond Rings may be the next big trend. Upon hearing this, I was immediately reminded of a scene from one of my favorite movies, Beautiful Girls, in which a guy tries to explain to his friends the brown diamond ring he bought for a girl who just broke up with him:

Kev: It's a trend in diamonds. Champagne. It's a nice stone.
Willie: Yeah, no, I heard about this. It's a new trend in the diamond trade, they're trying to create a new market.
Tommy: Oh, right, right. yeah. They were callin' 'em "piss", but they weren't moving any units. What's with you, man?
Paul: What?
Tommy: Well, how much you pay for this brown rock?
Paul: What difference does it make?
Tommy: Diamonds are supposed to be colorless! You go out and buy a colored diamond for a girl you're not even seeing, man, you must be eating retard sandwiches again.

So, if you're considering following the trend, and buying a brown diamond engagement ring, we wish you the best of luck. But maybe you should also check out some information on Prenuptial Agreements.

Just like a brown diamond, a prenuptial may not be traditional or romantic. But at least a prenuptial agreement can help both you and your future spouse ensure that you are clear and up front about your plans for separate and joint finances. Even if you don't sign a prenuptial agreement, the success of your marriage may be dependent on your willingness to be open and honest with each other about finances. If you have certain expectations about how you will share finances it is a good idea to have those discussions prior to getting married. As part of preparing a Prenuptial Agreement one of the requirements is full financial disclosure.

Communication is the key to any good relationship. So, if you don't want him to buy you a brown rock, make sure you communicate.

Comments

What is the purpose of the Divorce Nisi waiting period?

In Massachusetts the statutory waiting period after a Judgment of Divorce and before the divorce becomes final (or absolute) is called the Nisi period. After a divorce case settles or goes to trial, a Judgment of Divorce Nisi will issue and it will become Absolute after a further ninety (90) days. This waiting period serves the purpose of allowing parties to change their mind before the divorce becomes final. If the Judgment of Divorce Nisi has issued but not become final yet, and you and your spouse decide you don't want to get divorced, then you can file a Motion to Dismiss and the Judgment will be undone. Although many of my clients who are getting divorced think the idea of getting back together with their ex sounds crazy, I have had cases where this happened. In addition to offering a grace period to change your mind, the Nisi period has three other legal effects: 1. The most obvious effect of the waiting period is that you cannot remarry during the Nisi period, be...

2024 U.S. Presidential Party Platforms - What are the policy positions that could affect families?

While the laws that affect family formation, marriage and divorce are often made at the state level, there are also many policies and laws at the federal level that affect families and children. Just some examples from recent years that have impacted families in my mediation practice include changes to the federal tax laws (such as the elimination of the alimony tax deduction ) and U.S. Supreme Court rulings on same sex marriage and reproductive health rights. In just over a month, the United States presidential election will have a significant impact on these federal policies going forward, and could choose the next appointments to the U.S. Supreme Court as well. In 2016 and 2020 we shared what each presidential platform said about families and policy regarding family formation and dissolution, and below we'll provide you an update on the 2024 presidential platforms. As Maya Angelou said, "When someone shows you who they are, believe them the first time."...

Massachusetts Family Court Financial Statement - Instructions & Best Practices

During a divorce, or other case in the Massachusetts Probate & Family Court that involves your finances, such as a child support case, you will likely be required to file a court form Financial Statement. In Massachusetts there are two versions of this form: a "short form" if your income is under $75,000 and a "long form" if your income is $75,000 or more. Many people find these forms confusing and we've compiled a list of helpful information for filling them out. First , to access the forms, the court has provided pdf or online versions here: Massachusetts Rule 401 Short Form Financial Statement (pdf) Massachusetts Rule 401 Long Form Financial Statement (pdf) There are also some basic instructions provided by the court explaining the sections of the forms and providing access to a Schedule A (for self-employed people) and Schedule B (for rental income): Massachusetts Rule 401 Short Form Financial Statement Basic Instructions Massachusetts Rule 401 Long F...

Search This Blog