Would you get married if there was a set expiration date? At the end of a predetermined time period, you could continue being married, or you could get divorced. Think of it as a prenup with time instead of money. This is what Paul Rampell, a Palm Beach lawyer who specializes in estate planning, proposes in The Washington Post. He’ll be discussing the concept of “wedleases” with Nia-Malika Henderson on PostTV’s "On Background" today at 12:30 p.m. EST.
Here’s an excerpt from his piece:
Why don’t we borrow from real estate and create a marital lease? Instead of wedlock, a “wedlease.”
Here’s how a marital lease could work: Two people commit themselves to marriage for a period of years — one year, five years, 10 years, whatever term suits them. The marital lease could be renewed at the end of the term however many times a couple likes. It could end up lasting a lifetime if the relationship is good and worth continuing. But if the relationship is bad, the couple could go their separate ways at the end of the term. The messiness of divorce is avoided and the end can be as simple as vacating a rental unit.
If you’re thinking a wedlease might be a good idea, listen to this segment from This American Life called "Best Laid Plans" about a couple that agrees to a trial break-up after dating for 13 years. Or check out NPR’s Two-Way on Paul’s argument here.
What do you think? Would you get a wedlease?