Entries Tagged 'Prenuptial Agreements' ↓

The New York Times recently released an op-ed articles discussing Sandra Bullock’s divorce from Jesse James.  The author used Sandra Bullock’s divorce from her adulterous husband and her recent Academy Award for Best Actress to pose a philosophical question about happiness.  I personally thought the article was in bad taste.

Sandra Bullock is obviously going through a very challenging personal time and she is very emotionally vulnerable.  Catching your husband cheating on you is an extremely painful shock.

More recent news reports recount Jesse James fleeing a sex addiction rehab center, Sierra Tuscon, after Bullock refused his phone call.  Allegedly he wants to save the marriage, but Bullock has decided to call it quits.

The New York Times just wrote an editorial citing a study that was recently released that shows that couples who live together before getting married are more likely to get divorce.  Your chances improve if you’re engaged before moving in together.

That being said, many couples today live together before getting engaged or married.

If you are going to get married and are worried about protecting your assets in the case of a divorce, a New York pre-nuptial agreement (prenup) is an excellent was to safeguard against what seems like the ever-increasing rate of divorce.

Mel Gibson did not have a pre-nuptial agreement.  Costly mistake Mel.

Mel Gibson and his soon-to-be-ex Australian wife, Robyn Moore, are selling their Malibu family mansion for $16 million dollars as their divorce enters its final phases.  Gibson has been forced to carve up his estate and assets throughout his long-standing divorce proceedings.

Gibson’s divorce could have been a lot faster, cheaper and less painful for his family had he and Robyn had the foresight to enter into a pre-nuptial agreement before taking the plunge to get married.

If you are considering getting a pre-nuptial agreement, a.k.a. a “prenup,” there are some things you should know…

I get phone calls almost daily (usually from the person who stands to lose money if they get divorced) who say that they want a prenuptial agreement where their fiance or spouse is entitled to nothing in the case of divorce.

The problem is that these types of pre-nuptial agreements often will not withstand a challenge in the future because they are not equitable (meaning fair) in the eyes of the law.  It’s not smart to enter into a prenup that is one-sided.  This just makes it vulnerable to failure in the future.

As anyone who reads the news tabloids knows: Tiger Woods recently was caught cheating on his wife Elin Woods and she is filing for divorce.  The media has really ran with this one…

Tiger Woods had entered into a prenuptial agreement with Elin in which the couple allegedly originally agreed that in the event of divorce Tiger would pay Elin $20 million dollars after 10 years of marriage.

Obviously, Tiger would have lost far more green if he had never entered into a prenup. Elin is allegedly renegotiating the prenuptial agreement so that she will receive $5 million up front and as much as $55 million to stay with him for two more years.  Ouch.