Connect with us

Lifestyle

It’s time to think like a man and prepare a prenup

Published

on

Black couple having conflict (Photo: Photo by Alex Green via Pexels.com)

Divorce is, after all, a sensitive topic. It’s probably secure to say that the majority people don’t plan on getting a divorce. However, prenups are a sensible investment in protecting your assets if things go from higher to worse or intolerable.

While many ladies up to now have turned up their noses on the considered being asked to sign a prenuptial agreement, stepping into a prenuptial agreement also can save each parties money in the long term.

A black couple had an argument (Image: Photo by Alex Green, Pexels.com)
Black couple has conflict. (Photo: Photo by Alex Green via Pexels.com)

“You’re going to be around $20,000,” Fawn Dyer, a New Jersey divorce lawyer, said on the podcast. 8 At the table to the query of how much divorces can cost. Having a prior agreement will reduce unnecessary hours and fees related to fighting on your estate in court.

A preliminary agreement is a particularly necessary agreement for ladies because they file for divorce more often than men.

According to research by Rosenfeld of Stanford University, greater than 60 percent of divorces are initiated by women. One of the numerous the explanation why women determine to divorce is “unmet needs” emotionally or physically. According to Divorce.comaffection, help with household chores, and financial support are ways through which needs could be neglected in a marriage.

Although women still earn significantly lower than men, funds are different for ladies than they were for previous generations.

According to Pension Research Center at Boston College, one in three baby boomer women born between the mid-Fifties and the mid-Sixties has a college degree. That’s almost twice as many as their moms, who were born in the course of the Great Depression. College degrees mean that more women considered baby boomers worked more hours than women of the previous generation. An estimated three-quarters of ladies were working of their 30s and 40s, compared with 57 percent of ladies within the previous generation working at the identical level.

Women’s degrees and work ethic have been passed on to recent generations. As a result, the variety of Millennial women with at the least $5 million in assets increased by 10 percent. An estimated 67 percent of Gen Z women and 71 percent of Millennial women are investing beyond retirement, compared to 62 percent of Baby Boomer women.

In some cases, women are the breadwinners of the family. About 16 percent of U.S. women are breadwinners, up from 5 percent just five a long time earlier As reported by CNBC.

For black women data from the Pew Research Center shows that black wives are rather more likely than wives from other racial or ethnic groups to be breadwinners, which was the case in 1972. About one in 4 black wives (26 percent) earn greater than their husbands.

As more women acquire property and earn more cash, a divorce lawyer says it’s time for ladies, especially black women, to enter into a prenuptial agreement and make certain they’re second to none.

On the “Rich and Regular” website podcast with Julien and Kiersten Saunders, the couple talks to attorney Aaron Thomas, who argues that middle-aged Black women are most vulnerable to losing significant assets during divorce proceedings.

“It’s the most heartbreaking thing,” Thomas says. “There are women who’ve spent 20 or more years constructing their very own empire and they only thought, ‘OK, I do know he’s not likely working.’ “I know he’s not saving for retirement,’ and then they get a double whammy.”

Thomas says it’s a “double whammy” for ladies when their partner, who hasn’t contributed much to the connection, takes half of every little thing they’ve worked so hard for, including their property and pension.

“If you get married, you have to have a prenup,” Thomas says. “You either write your own contingency agreement or you have a default contingency agreement depending on the state you live in. “This contract… not only have most people not read it, but it was written in the 19th century when women couldn’t even own things.”

Halle Berry and Mary J. Blige are cautionary tales for ladies who marry without a prenup.

In Berry’s case, she must pay $8,000 a month in child support and 4.3 percent annually on any income she earns over $2 million to her ex-husband Olivier Martinez, to whom she was married from 2013 to 2016, regardless that she shared joint custody over children. Nahl’s daughter.

Since divorcing her husband and manager Martin “Kendu” Isaacs in 2016, award-winning singer Mary J. Blige has been a vocal advocate for ladies’s property rights. The judge ultimately sided along with her ex-husband, regardless that he was allegedly cheating. The judge ordered Blige to pay $30,000 a month in spousal support so Isaacs could maintain the approach to life the singer was accustomed to.

During a panel on the 2023 Women’s Power Festival and Summit, Mary J. Blige was asked about her thoughts on prenuptial agreements and her advice for wealthy women who could also be hesitant to seek one. The moderator explained that historically men have been known to ask for a prenup. However, in Blige’s case, she was the breadwinner and may benefit from having a family.

“Order a prenuptial agreement,” Blige he said. “Because I did not have one and that is why I just had to give all of it away. It’s so silly that men can come to you and demand alimony. So once I was trying to get a divorce, I assumed, “You mean to tell me I have to pay him and he cheated, lied, and stole?”

She continued, “You mean I have to pay him for cheating, lying to me, and ruining my life?” Yes, the law is that you’ve got to. So I say: order a prenup. Cover yourself.”

Both experts and wealthy women agree that it’s value considering concluding a prenuptial agreement that may protect your assets within the event of divorce. This is a practical way to protect your assets within the event of a heartbreaking marriage breakdown.


This article was originally published on : atlantablackstar.com
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Lifestyle

What’s Behind Kevin Hart’s Abrupt Closing of His Hart House Vegan Restaurant Chain

Published

on

By

Kevin Hart, Hart House, Black-owned vegan restaurant, Black vegans, vegan food business, Black-owned business, celerity business, theGrio.com

The sudden closure of all 4 Los Angeles locations of Kevin Hart’s vegan fast-food chain Hart House has industry experts wondering concerning the sustainability of vegan food businesses.

When Hart teamed up with Andy Hooper, former CEO of &pizza, to launch Hart House in 2022, the plan was to open 100 locations over five years. Menu offerings included plant-based “burgers” and “chick’n” sandwiches, consistent with Hart’s transition to a mostly plant-based weight loss program in 2020. Hooper also had an interest in entering the patron packaged goods industry.

Hart House initially opened to widespread acclaim and support. TikTok food sensation Keith Lee gave Hart House a glowing review when he visited in 2023. He praised the place for its reasonably priced prices, with sandwiches priced under $8 and combos under $15, and called a sandwich he tried “amazing.”

Now that the corporate has closed all of its locations, some experts are calling the plan “ambitious.”

According to Food InstituteHart House was faced with a rise within the California minimum wage from $15.50 to $20 (as the corporate already offered higher wages, extensive health care, and worker advantages) and a saturated market.

“Consumers may have viewed Hart House as a novelty rather than a serious player in the fast-food industry,” Bassem Mostafa, chief market analyst and owner of Globemonitor Market Research Agency, told The Food Institute.

He added: “While Kevin Hart’s star power has given him name recognition, it has not necessarily translated into consistent customer traffic and retention, both of which are key to surviving in a competitive restaurant market.”

Hart House isn’t the one vegan food business to recently close shop. The Food Institute also reports a “wave” of closures across the country, including the closure of 40% of its locations by the Veggie Grill chain, Stalk & Speed ​​​​in Minneapolis, Wild Thing in Oregon and VegeNation in Las Vegas.

Featured Stories

“The response to the product has been incredible. We thank our dedicated team, customers and community partners for helping us make the transition we wanted and for their unwavering support of Hart House,” Hooper noted in a press release confirming the closure of Hart House, The Food Institute reported.

High and rising operating costs in an already saturated market may mean that Hart House simply won’t give you the chance to compete in its previous form. Instead of using Beyond or Impossible patties like many other establishments offering vegan options, Hart House has provide you with its own. While Lee appeared to like them, others have recently expressed the alternative opinion.

According to Daily mailsome have even gone thus far as to match Hart House to other black-owned vegan brands, corresponding to the wildly successful Slutty Vegan. It’s hard to inform whether the reviews were written in good faith or not, but we do know that Hart likely doesn’t care.

In a recent episode of his podcast,Golden Minds with Kevin Hart,” he told his “Fright Night” co-star Chloe Bailey that he “never” reads reviews for “any” of his material — good or bad.

“I don’t get caught up in the good or bad version of it, because I get caught up in the idea and then I tell myself I’m going to do it, I work with people to do it, I finish it, and then I see that idea on the big screen or the small screen or in script form,” he said, adding, “I said, ‘Man, great. I set my mind to something and I finished it.’ So I’m happy with the fact that I get to do the things that I say I’m going to do. What other people think about it doesn’t affect my joy in my goal of finishing it.”

It stays a mystery what the longer term holds for Hart House, although the corporate’s farewell statement Instagram suggests “next chapter.”


This article was originally published on : thegrio.com
Continue Reading

Lifestyle

Houston’s Trills On Wheels Expands With Brunch Tour

Published

on

By

Houston, Trill on wheels, hip hop


A well-liked interactive Houston attraction that continues to attract visitors and showcase the town’s wealthy history and black business scene has expanded its offerings.

Trill On Wheels is a national prime minister a hip-hop bike experience that celebrates Houston culture and contributions to hip-hop. Launched in 2021, the party bike offers a two-hour cruise around Houston with stops at various black-owned businesses while guests enjoy cocktails and shisha.

Designed to rejoice the Houston lifestyle, each bike is designed to spotlight the town’s automobile culture with a “Candy Paint” mural featuring hip-hop heroes and the neighborhoods they represent. The bikes also feature Swang’s rims wrapped in trendy tires and Houston’s signature bass pumping out of the speakers.

The exuberant experience has made Trill On Wheels a tourist attraction that visitors put at the highest of their lists. Now, the brand new EADO Hip-Hop Brunch Tour offers guests a fun-filled approach to experience popular brunch stops in Houston.

Trill On Wheels is currently based in Houston’s historic Third Ward neighborhood, EADO, and plans to expand to the Fourth Ward. The tour experience combines the talent of Houston-born artists with a splash of sunshine fitness. Featuring Beatking, Slim Thug, and Lil Keke.

What began as a single bike delivered in a shipping container to the resort “is a testament to our team’s commitment to meeting high expectations and delivering a world-class experience to our riders,” he said. business stated on its website.

“Team Trill” is run by a married couple with two babies.

“As true fans of hip-hop culture, hosting epic game nights and being ‘out there,’ we wanted to create an experience that we could enjoy ourselves and one day pass on to our son,” the couple said. “After a year of prayer, research and pure, unfiltered hustle, Trill On Wheels was born and we couldn’t be more proud!”

Trill On Wheels has served over 30,000 tourists who’ve donated over $700,000 to local black-owned businesses, helping to spice up Houston’s economy. Be sure to examine out Trill On Wheels in your next visit to Houston, and don’t forget to bring your personal booze!


This article was originally published on : www.blackenterprise.com
Continue Reading

Lifestyle

Fear of sitting in crowded, black spaces

Published

on

By

There are two types of black people in the world: 1.) those that can walk right into a church on Easter Sunday, “sit” the highest five seats, and take a look at the ushers to just accept that those seats are taken; or 2.) me.

I’m the kind of person, and I represent the kind of black people, who hate being asked to sit down anywhere. I almost never feel anxious in public and I’m rarely nervous or concerned about who’s around me. But after I am in a public place and someone who just isn’t there and is not going to be there for some time asks me to sit down, I get anxious. I sweat. I stress. I fade quickly after which hand over. I don’t like to sit down for other people and I don’t ask people to sit down for me. I don’t prefer to put my burdens on the riverbank of the one who was on time.

But unfortunately, in the black community, “holding seats” is a thing—a sport, even. I’ve seen (and I mean this with dead seriousness; “without a hat,” as the children would say) an elderly black woman tell an usher in church that she was holding seats, and get mad on the ushers who suggested she couldn’t do it. She couldn’t consider they thought she couldn’t hold a row of seats, and so they couldn’t consider she couldn’t consider she couldn’t do it. Oh, what a tangled web we weave. My wife is one of those individuals who will hold all of the requested seats and risk a public demonstration of “Who’s going to break first, loudly?” over said seats. She’ll even be very mad at me after I can’t do it. Marriage, right?

If I’ll, I would really like to share with you all a recent experience I had attempting to get a seat that not only threw me out of the constructing, but threw me into an overcrowded room where I could now not see anything on account of the stress of attempting to get a seat for somebody. Also, as you may see, I failed this task with flying colours.

Just a few weeks ago, a famous friend of mine was giving a speak about books at a famous Washington landmark. I had been to that bookstore before—persistently—and had attended many of that friend’s talks. A math problem was about to pop into my head; there was absolutely no way that store could accommodate the number of individuals who would show up for that talk. Spoiler alert: I used to be right.

Lifestyle

Since I consider myself a forward-thinking person, I anticipated this math problem and got to the shop early enough to get a seat, but late enough to get one of, for example, three remaining seats. Many people should have been pondering the identical thing I used to be occupied with math, not math, given the space constraints of the shop. Anyway, I went in and sat down on a stool, then watched the parade of people, mostly black, who got here in after me, attempting to determine where to sit down. As an increasing number of people, especially older blacks, entered, I prepared to present up my seat and use my younger legs to face for your entire show.

And then I got a text from a friend asking me to avoid wasting a spot for her. Now that friend cannot stand for long, I had to avoid wasting her a spot (which I used to be already willing to present up) or we’d have to depart together; that wasn’t an option; we were there to see our friend be amazing and do her own thing.

But here’s the issue: My friend who asked for a seat was a minimum of quarter-hour away, and the stream of people coming in was growing. On top of that, my seat was in the aisle where people were coming in, which meant that everybody, including women who looked like my grandmother, could see that I used to be NOT giving up my seat. I looked like a young kid on a subway automotive not giving up her seat to seniors or pregnant women. The thing is, I knew why I wasn’t getting up, but they didn’t, and I couldn’t look my grandmother in the face and say, “Hey, I would give up my seat for you, but I would save it for a woman younger than you but older than me who potentially has a leg problem and wouldn’t care if you didn’t get it.” No one asked, they simply watched.

I used to be sweating an increasing number of with every passing minute and an increasing number of people were observing me. I do not know if that truly happened or not but that is the way it felt and I felt uncomfortable and judged. I used to be texting my mate with my ETA and he kept saying “I’ll be there in 5 minutes” for over 5 minutes. I let her know I didn’t think I could sit any longer because I used to be beginning to seem like I hadn’t been raised properly.

Then the book event organizer took the microphone and identified that there have been issues with the seating and that those of us who could should hand over our seats to those that were older than us or might need to sit down down, and I felt like she was talking on to me when she said that. She mentioned the overflow situation outside on the back patio instead for all of us who either needed a seat or had to present up our seats. At this point, my stress and anxiety were at their peak; my heart was beating fast and my palms were sweaty. I could not take it anymore. I stood up from my seat and without anyone, said, “The seat is free,” and quickly ran to the overflow spot while texting my friend that I could not hold on to my seat any longer.

It’s been weeks since that night and I still remember how I felt attempting to keep the place going. I felt really uncomfortable and I knew my wife could be high quality. Oh, and concerning the overbooking situation – it was awful. The place had no idea what they were doing and arrange a projector TV during sunset so nobody could see what was happening. Cool idea, terrible execution, but a minimum of I wasn’t stressed anymore. I used to be briefly annoyed that the place hadn’t thought to order a bigger space for the lecture considering who that they had brought, but that is in the past now.

Now it’s OK; thanks for asking. But one thing is obviously, and two things are obviously: next time I’m going right into a place that I do know can be crowded, I’ll just skip the entire sitting thing and prepare to face in the front, back, or side. Sure, my back might hurt and my legs might ache, but a minimum of I won’t feel stressed or judged.

If you’ve gotten a friend who cannot hold seats, please don’t force them to. It’s an excessive amount of.

Thank you for coming to my talk in Panama.


This article was originally published on : thegrio.com
Continue Reading
Advertisement

OUR NEWSLETTER

Subscribe Us To Receive Our Latest News Directly In Your Inbox!

We don’t spam! Read our privacy policy for more info.

Trending