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Most Replayed Moment: Why You Need A Prenup And How To Avoid Divorce!

The Diary Of A CEO with Steven Bartlett

28m
Transcript

Original podcast

Summary

Written by a model from the transcript; not yet reviewed.

Steven Bartlett explores the realities of modern marriage, prenups, and high-net-worth divorces with a divorce lawyer guest. They discuss why wedding expos reject prenup advertising, how child support scales with rising income, and the complex ways celebrities and ultra-wealthy individuals hide assets or face unexpected financial ruin. Throughout the conversation, the guest argues that prenups are a healthy exercise in realism rather than a sign of pessimism, comparing them to seatbelts and airbags for a relationship.

  • Every marriage ends in death or divorce, making a realistic rule set like a prenup a sensible choice. 8:37
  • Child support payments in New York can scale from seventeen percent for one child up to thirty-one percent for four children. 12:35
  • Family lawyers are prohibited from taking contingency percentage fees in divorce cases to prevent perverse financial incentives. 25:42
  • Maintaining a healthy relationship requires actively paying attention to three distinct elements: the individual, the partner, and the shared bond. 26:53

Chapters

  1. 0:01
    Podcast Sponsor Introduction

    Steven Bartlett introduces the episode’s sponsor, Gusto, and explains how the platform helps small businesses manage payroll and benefits.

  2. 1:01
    Rise of Prenuptial Agreements

    Bartlett discusses the growing trend of couples seeking prenups and the discomfort many feel when broaching the topic with their partners.

  3. 7:18
    Wedding Expo Experience and Industry Resistance

    Bartlett recounts his attempt to set up a prenup-focused table at a wedding expo and the industry's refusal to allow it, highlighting societal reluctance to discuss divorce planning publicly.

  4. 9:56
    Child Support and Financial Complexity in Divorces

    The conversation shifts to the mechanics of child support, how it can be manipulated, and the broader financial implications of divorces involving high net worth individuals.

  5. 16:56
    Crypto, Wealth Structures, and Divorce Challenges

    Bartlett explains how cryptocurrency and complex wealth structures complicate divorce proceedings, requiring forensic accounting and legal expertise.

  6. 26:32
    Practical Advice for Relationship Longevity

    The episode concludes with practical, relationship-focused advice, emphasizing attention to self, partner, and the shared 'we' to avoid legal entanglements.

Highlights

Quotes

  • “You said that the two big reasons why people divorce are infidelity and money.”
    Unnamed speaker · 16:24
  • “Getting married without a prenup is a fairly risky activity.”
    James Sexton · 14:27
  • “I think prenups, I think prenups, even having a conversation about a prenup, I think, is a very healthy exercise for a couple.”
    James Sexton · 2:59
  • “Almost 60% of marriages end in divorce.”
    James Sexton · 9:28
  • “Pay attention. Just pay attention. Right now you're paying attention.”
    James Sexton · 26:53
  • Gusto 0:17–0:57
  • NetSuite 29:16–30:09
  • Gusto 30:27–31:03

About this episode

Would you rather write the rules of your marriage, or let a stranger write them for you? James Sexton is one of America's most high-profile divorce lawyers, with more than 25 years representing clients in New York, and the author of 'If You're in My Office, It's Already Too Late'. In this moment, James Sexton explains why the conversation most couples avoid could be one of the healthiest they ever have, and why an entire industry refused to take his money. He reveals how wealth can quietly vanish on paper, who really ends up paying when a marriage ends, and the decision he believes is far riskier than getting married. Plus, the simple advice he'd give any couple who never wants to end up in his office. Listen to the full episode here! Spotify: https://g2ul0.app.link/IsLm6fLV26b Apple: https://g2ul0.app.link/Zafr95QV26b Watch the Episodes On YouTube: https://www.youtube.com/c/%20TheDiaryOfACEO/videos James Sexton: https://www.nycdivorces.com/

Transcript

0:00
28:16

6,164 words · 2 speakers

Speaker names marked are inferred from speaking time and the show’s known hosts — they are not voice-verified.

Topics

  • United States
  • New York
  • Bitcoin
  • Amazon
  • New York City
  • Ethereum
  • AOL
  • AI
  • Machine Learning
  • CFO's Guide to AI and Machine Learning

Page updated · transcript and summary are machine-generated