Problem on pre-nuptial agreements


Scenario Summary:

Marietta and Jeremy have been dating for the past 3 years. They got engaged 1 year ago and are planning their wedding. Marietta was born and raised in the Philippines, came to America about 5 years ago, and obtained citizenship 2 years ago. She has never been married before and has strong family ties and family values. Jeremy, was married for 5 years, has one child that is 6 years old, and his final divorce papers finally arrived after 4 years ago of long and difficult negotiations. He built his company and is financially stable because of all of his hard work and accomplishments. He loves Marietta, and doesn't want to think about divorce, but his past experience has left him uneasy and not only has the financial loss been traumatic, but the fight for equal custody was strenuous, but declared in the final divorce settlement. He would like to put a pre-nuptial agreement together, but Marietta cannot understand the reasoning behind this agreement.

Review the case study and assume the role of either Marietta or Jeremy. Write a 400 word essay explaining the reasoning behind your thoughts and actions.

• Why do you want or not want to enter into this type of an agreement?
• What are your fears?
• What are your rights?
• What are your concerns?
• What would be the advantages or disadvantages of your decision?

Give examples and elaborate on your answers.

Scenario:

Marietta and Jeremy have been dating for the past 3 years. They got engaged 1 year ago and are planning their wedding. Marietta was born and raised in the Philippines came to America about 5 years ago, and obtained citizenship 2 years ago. She has never been married before and has strong family ties and family values. Jeremy, was married for 5 years, has one child that is 6 years old, and his final divorce papers finally arrived after 4 years ago of long and difficult negotiations. He built his company and is financially stable because of all of his hard work and accomplishments. He loves Marietta, and doesn't want to think about divorce, but his past experience has left him uneasy and not only has the financial loss been traumatic, but the fight for equal custody was strenuous, but declared in the final divorce settlement. He would like to put a pre-nuptial agreement together, but Marietta cannot understand the reasoning behind this agreement.

Role:

Review the case study and assume the role of either Marietta or Jeremy. Write a 400 word essay explaining the reasoning behind your thoughts and actions.

• Why do you want or not want to enter into this type of an agreement?

• What are your fears?

• What are your rights?

• What are your concerns?

• What would be the advantages or disadvantages of your decision? Give examples and elaborate on your answers.

Marietta

I believe that marriage is forever and should be treated as "we two are one." There shouldn't be a legal piece of paper separating monetary, emotional, or family because morals, values and ethics should be followed in a marriage!

Jeremy

After my previous experience, I fear losing my company and I already went through a substantial loss because of the first divorce. And what happens if we have a child? What about visiting rights? Custody rights? And what if Marietta took our child to the Philippines?

Attorney

We should all understand how a pre-nuptial agreement works and what each other's rights are. There would be consideration of property, what property is, and how this could be agreed upon by each of you signing an agreement.

Deliverable

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Business Law and Ethics: Problem on pre-nuptial agreements
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