June 6, 2014Published by: Anton Perreau

Couples saying ‘I do’ to the social media prenup

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In the social media economy, relationships have always been a point of contention, "are you Facebook serious?" being the key teenage question thrown around in class. Now social media has matured, posting photos of your friends on Facebook more often than not requires approval and according to ABC news now couples are even signing social media prenups.

In an ABC report, Ann-Margaret Carrozza - a New York-based attorney who specialises in estate planning explains that as often as five times a week she's being asked to put together social media prenuptial agreements, titled 'love contracts'.As ABC explains,

"A typical social media clause will state that couples can’t post nude photos, embarrassing photos or photos or posts that are likely to harm a spouse’s professional reputation."

Usually the implications of posting a photo, tweet or any other nugget of social media gold can cost your loved one around $50,000 per item - that's $50,000 per unsolicited tweet about them. The argument here is that having a prenup makes the 'should I post this' conversation shorter, simpler and generally much easier to agree on. Carrozza explains that it simplifies a potentially threatening or tricky part of the relationship.

Read a summary of the story on Business Insider.

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