Author: Ron Kauffman

The ‘Do Over’: Prenuptial Agreements

Posted by Ron Kauffman on

In light of the wedding of Prince Harry and Meghan Markle, the Guardian has an interesting story this weekend about second marriages. If you are going to ‘do it again’, that is, get married a second time, one thing to help make your second marriage successful is a prenuptial agreement.

The Second Time Around

As the Guardian reports:

The National Center for Family and Marriage Research recently analyzed marriage and divorce data, and found that the overall divorce rate was greater for second marriages. In fact, the probability of divorce is around 50% for first marriages.

I never changed my name the first time, as my children already had their father’s surname and it never made me doubt my maternal status. But, with a second marriage, now there are three possible surnames in my family, the only one who shares mine is the dog, and I urgently want a merger.

The National Center for Family and Marriage Research also discovered that for second marriages, the divorce rate is more like 67%.

Prenuptial Agreements

Prenuptial agreements aren’t just for people entering second marriages, they are important for any couple planning to marry. I have written extensively on prenuptial agreements.

A prenup can help keep your non-marital property yours. The property you brought into the marriage is yours – mostly. But over time it is common for people to start mixing things up. Inheritance funds get deposited into joint accounts; properties get transferred into joint names…and all for good reason.

Unfortunately, tracing commingled property is expensive, and hard to prove. But, if you put it in writing at the beginning, you might be able to avoid this task, and save some money down the road.

Prenuptial agreements also help you to change the law. For example, right now in Florida, there has been an ongoing debate about alimony. When you go to court, a judge has to follow state law regarding alimony.

However, through prenuptial agreements you can modify Florida’s legal standards for awarding alimony, in addition to modifying what the current law says about the amount of support and the duration of the alimony period.

For second marriages, a prenup is an especially good idea. What some clients don’t realize is that going through a second, third, or fourth divorce can be more complicated than first-time divorces.

In multiple divorces, couples are older, and have less time to make up for losses. Also, couples are competing for dwindling resources. Child-support, alimony, and dividing up of the retirement accounts may still be pending, and there can be little left to divide in a second divorce.

Prenuptial agreements can be extremely important if you are thinking of marrying again, and they are not just for the ultra-rich. You can limit what’s in a prenup.

Some can simply state what assets each party has brought into the marriage, and what assets each party will take away if the marriage ends. Or, if there is a disparity in incomes, you can add to the contract how much the lower-income spouse will receive.

Also, if you have children from previous marriages, you can also provide some protection for an inheritance.

Second Marriages: The Do Over

The general view of a second wedding is that they’re a bit of a joke. Not a contemptible joke, more of a puzzled, “Why’s she getting married again? She must be one of those people who just enjoys getting married. Wait, they’re both divorced?

They’ll be at it again in a couple of years, to two completely different people. It’s probably an excuse to dress their children up in novelty costumes.

A hardcore of bystanders will infer from a previous marital breakdown that the person is flaky – for which see Germaine Greer’s not entirely disapproving comment about Meghan Markle: “I think she’ll bolt. She bolted before. She was out the door.”

Logically, it makes sense – people who don’t stick at things won’t stick at things – but statistically it doesn’t, as second marriages are more likely to last than first ones.

So in fact, there is nothing as deadly serious as a second marriage. The death-wish rubric which is somewhere between an anachronism and a metaphor in a first marriage is now completely literal: you will definitely be parted by death, because you definitely will not be parted any other way.

As a result, I observe the marriage of Prince Harry and Markle with a profound fellow feeling that I have never before had for a sleb-come-princess, and doubt I will have again.

You might presume that a second wedding is quite liberating, in that you can finally make authentic decisions and you don’t have to invite your relatives. In fact, the main liberation – and this might be more me than the Waleses – is that you don’t have any money.

We’re already getting married on a Wednesday afternoon because the council has a midweek special, in a dress I bought in a charity shop, and a suit he inherited from an uncle of eerily similar dimensions.

The Guardian article is here.

 

There’s No Divorce Emoji

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Emojis and emoticons are popping up in divorce cases, and people are landing in hot water. My new article on emojis and legal ambiguity, which was just published in the Florida Bar Family Law Section Commentator, can help anyone faced with interpreting emojis avoid feeling ????.

Emojis ????

Originating in Japan in 1998, emojis are small digital images used to express an idea or an emotion in electronic communications.

Today, roughly 70 percent of the public uses some type of social media.  Social media has changed many of the ways in which we communicate. For one thing, social media has increased our use of emojis.

One report found more than 92 percent of people use emojis on social media. Emojis have spread to the business world, where nearly half of workers add emojis to professional communications, and companies use them to increase sales and brand awareness.

Emojis in Court ????‍⚖️

They can’t simply be overlooked by courts, because emojis and emoticons say a lot about the sender’s intent. Ignoring them would be like calling a witness to the stand and ignoring their facial expressions.

Emojis fail the ‘duck test’: if it looks like a duck, and quacks like a duck, then it is probably a duck. That’s because emoji meanings can be so puzzling, a “duck” emoji, may mean anything but a duck.

For example, a U.S. federal court recently held that a “Smiley” emoticon =) converted an email into a joke, the email meant the opposite of what it said, and a criminal defendant’s lawyer did not violate the Sixth Amendment by sending the prosecutor an email joking: “stipulate that my client is guilty. :)”

An Israeli court awarded damages based on emojis after a prospective tenant sent a landlord a text saying: “Good morning ???? we want the house???????? ????‍ ✌ ☄ ???? ???? just need to go over the details. . .” The landlord removed his ad, then the tenant disappeared. The court awarded the landlord 8,000 shekels.

Ambiguity: What does ???? Mean?

I’ve written about marital settlement agreements and prenuptial agreements before. There are unique issues with emojis, rendering them hard to interpret. For one thing, there’s no definitive source as to what emojis mean.

That unknown can make agreements in an email, a text or an actual marital contract, ambiguous. Marital agreements are interpreted like any other contract. Basic interpretation begins with the plain language of the contract, because the contract language is the best evidence of intent.

Courts are not supposed to rewrite terms if they are clear and unambiguous. Anyone seeking to show a court any evidence outside a fully integrated contract, must first establish that a contract is ambiguous.

A contract is ambiguous when its language is reasonably susceptible to more than one interpretation. That’s where emojis come in, they can be very ambiguous. But why?

Emojis are also small, making them hard to read. Interpreting an emoji can depend on what kind of device they appear in. For example, a 24-inch computer monitor displays thing differently than a 4-inch phone screen.

Emojis don’t always mean the same thing universally, so there can be many different meanings depending on which country you are in. For example:

????

The “Folded Hands” emoji symbolize “please” and “thank you” in Asia. However, in the U.S. it means: “I’m praying,” and frequently, “high-five”!

????

The “Pile of Poo” emoji is a pun on the Japanese word for excrement (unko), which starts with the same “oon” sound as the word for “luck” and is complimentary in Japan. But, in the U.S. the emoji is used to express contempt. Strangely, Canadians use the emoji the most.

Conclusion

You can’t understand an emoji’s meaning just by looking at one. People use emojis in ways that have nothing to do with the physical objects they represent, or even what typographers intended. There are regional, cultural and slang meanings to consider too. After all, emojis’ inherent ambiguity is one reason why they’re increasingly becoming evidence in court.

The Spring 2018 Family Law Commentator is here.

 

Thelma & Louise and Alimony

Posted by Ron Kauffman on

A star of movies and television, actress Geena Davis, has announced she is divorcing her husband, Reza Jarrahy. According to documents, her husband is seeking alimony from his wife, and has asked that a request for spousal support by Davis be denied. What is alimony?

Earth Girls are Easy

This is Geena Davis’ fourth marriage. The actress’ husband filed for divorce after nearly 17 years of marriage on Tuesday. According to court documents obtained, Jarrahy cited irreconcilable differences and stated Nov. 15, 2017, as their date of separation.

In the court documents, which were filed under the names Rob Doe vs. Veronica Doe, Jarrahy is asking for spousal support and joint legal and physical custody of their children.

He is also asking the judge to deny any request by Davis for spousal support.

Florida Alimony

I’ve written about alimony and alimony reform in Florida often. In every dissolution of marriage case, the court can grant alimony to either party – husband or wife.

There are several types of alimony in Florida: bridge-the-gap, rehabilitative, durational, or permanent alimony. The court can also award a combination of alimony types. Alimony awards are normally paid in periodic payments, but sometimes the payments of alimony can be in a lump sum or both lump sum and periodic payments.

In determining whether to award alimony or not, the court has to first make a determination as to whether a party, like either Davis or her husband, has an actual need for alimony, and whether the other party has the ability to pay alimony.

Once a court determines there is a need and ability to pay alimony, it has to decide the proper type and amount of alimony. In doing so, the court considers several factors, some of which can include:

  • The standard of living established during the marriage.
  • The duration of the marriage.
  • The age and the physical and emotional condition of each party.
  • The financial resources of each party, including the nonmarital and the marital assets and liabilities distributed to each.
  • The earning capacities, educational levels, vocational skills, and employability of the parties and, when applicable, the time necessary for either party to acquire sufficient education or training to enable such party to find appropriate employment.

A League of Her Own

Davis is not only an actress, but a film producer, writer, and former archer. She is known for her roles in The Fly, Beetlejuice, Thelma & Louise, A League of Their Own, and The Accidental Tourist, for which she won the 1988 Academy Award for Best Supporting Actress.

The People article is here.

 

Gray Divorce

Posted by Ron Kauffman on

It used to be unthinkable for couples to divorce after 50. Things have changed dramatically. These days more people over 50 are divorced than widowed. This age group now accounts for one-quarter of all divorces. This is a post about divorcing after age 50, otherwise known as the gray divorce.

Growing Apart: The New Trend

According to some reports, these so-called “gray divorces” have doubled since 1990 and, with half our married population being 50 or older, the rate is expected to grow, especially as more and more baby boomers become empty nesters.

Divorce is hard and complicated no matter what your age is. But divorce might be something to approach carefully if you’re over the age of 50. Here’s why.

Florida Gray Divorce

When couples choose to divorce in their 30s or 40s, they still have time to recover financially, because adults at that age have several years, if not decades, left in their careers.

But when divorce occurs when a couple is in their 50s or later, careers may either be coming to a close or are completed, and spouses are often living on fixed incomes provided through Social Security or retirement benefits.

I’ve written about this subject before. Here are some things to consider:

  • Valuing the Marital Estate – By the time a couple enters the golden years, they may have gold to divide, including businesses, retirement funds, and vacation homes. Valuing these assets can be difficult. The value of a business may not be apparent from balance sheets, and the sale or transfer of assets may have tax consequences. As a result, a financial advisor may be an important component in the divorce.
  • Medical Care – Health insurance is often tied to the employment of one spouse. With aging comes diminishing health, and declining cognitive ability. Courts may need to intervene if one party has dwindling capacity to handle their own affairs.
  • Long-Term Arrangements – Legal arrangements, such as wills and trusts, need to be reviewed to make sure they reflect post-divorce wishes. The same is true for long-term care, such as medical directives, living wills and trusts.
  • Retirement Plans – After 20 years of marriage, retirement plans can be substantial . . . and complex. Retirement plans vary in kind, and they all have different restrictions, tax consequences, distribution and vesting rules.
  • Lifestyle adjustment – Younger couples have time to re-accumulate wealth after divorce, but in Gray Divorces, the spouses have less time to re-establish themselves financially. One or both may be close to or in retirement, and face living on half of what they earmarked for retirement.

Why is it happening?

There are many explanations for the gray divorce phenomenon. Often, couples aren’t on the same timeline emotionally when it comes to divorcing, and that can make a gray divorce particularly painful.

People are surprised to be dealing with a spouse who wants out after many years of marriage. The “leavee” can’t imagine growing old alone. The “leaver”, may feel guilty for ending the marriage.

Two-thirds of gray divorces are initiated by women. Having put their needs aside to raise a family, and tired of a spouse who ignores their pleas for change, these women dread the years ahead in a “dead” marriage.

Once the kids are gone, these women choose to end the marriage, opting for a new, more rewarding life and relationships.

The Tweet on Gray Marriage is here.

 

Family Law is Moving!

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We’re pleased to announce that, beginning Monday, May 7, 2018, one of Florida’s premier marital and family law firms, the Law Offices of Ronald H. Kauffman, P.A., will be starting the workday in our new offices at One Biscayne Tower.

One Biscayne Tower

That’s right, we’re moving around the corner, across the street from Bayfront Park and Biscayne Bay. The new office building is named One Biscayne Tower and the address is:

2 South Biscayne Boulevard

Suite 3400

Miami, FL 33131

One Biscayne Tower is an iconic skyscraper on Biscayne Boulevard across from Bayfront Park. It comprises “Class A” office space and has been a long-standing symbol of the City of Miami.

The building often appears on postcards of the Miami skyline and is a signature building of Miami. Our new offices provide sweeping views of beautiful Biscayne Bay, the park, and bustling downtown Miami.

One Biscayne Tower has won five Office Building of the Year (TOBY) Awards, including the 2007 Miami-Dade TOBY Award and the 2007 BOMA Southern Regional TOBY.

Ronald H. Kauffman, P.A

Specializing in all family law matters both domestically and abroad, our lawyers are experienced in sophisticated marital and family law cases and led by a lawyer who is board-certified in marital and family law by the Florida Bar Board of Legal Specialization and Education.

A “Super Lawyer”, accomplished writer and speaker, Executive Council of the Florida Bar’s Family Law Section, our attorneys and firm have been professionally admired for serving our clients with the utmost skill, discretion and confidentiality in divorces, alimony, child custody and relocation cases, as well as prenuptial and postnuptial agreements.

Our firm website is here.

 

Prenuptial Agreements: Can you bust a prenup?

Posted by Ron Kauffman on

Prenuptial and postnuptial agreements protect your wealth by setting out what property stays yours, what property does not, and ensuring that your assets stay in your family line. Prenups can even be used to limit your exposure to paying alimony. But can you get out of a prenuptial agreement?

What are Prenups?

A prenuptial agreement (or “prenup” for short) is a contract between people intending to marry. A prenup determines spousal rights when the marriage ends by death or divorce.

If you divorce without a prenup, your property rights are determined under state law, and a spouse may have a claim to alimony while the suit for divorce is pending and after entry of a judgment.

Without a prenup, if your spouse dies, you will have statutory rights under state law to a share of your deceased spouse’s estate, and may also have a right to lump sum death benefits, or a survivor annuity under a retirement plan.

That’s where prenups come in. Prospective spouses may limit or expand these rights by an agreement. Prenups are also used to protect the interests of children from a prior marriage, and to avoid a contested divorce. Prenups can be very worthwhile provided they’re done right.”

When Prenups are done wrong

It is important to realize that the courts will not likely enforce prenuptial agreements (prenups) in certain cases. Forbes magazine recently ran an interesting article listing some of the common problems with do-it-yourself, cheap, or downloaded prenups:

  • It is not a formal legal document. Only well-drafted agreements can override states that have community property laws or equitable distribution requirements.
  • It is a “shotgun” agreement. If there is any form of coercing a person to sign the agreement, it can turn out to be unenforceable.
  • One person failed to read the agreement. When there is proof that one or both of the spouses did not read the prenup, it might not be enforceable.
  • One party is hiding or just not sharing knowledge of all assets and liabilities. Full transparency between the prospective partners is mandatory.
  • It includes invalid provisions. These are terms that are illegal or against public policy. For example, the courts will not enforce prenups if they stray into areas such as waiving child support.
  • Each partner does not have separate legal counsel.Both parties should – and in some states, it is a requirement – have their own legal counsel so that their separate interests are promoted.
  • The agreement is unconscionable. If the prenup is so completely unfair that it puts one partner in a horrible financial situation and sets up things so the other partner is solidly financially positioned, the courts will very likely not enforce it. Unconscionable agreements are “extreme.”

Florida Prenuptial Agreements

I’ve written about prenuptial agreements before. Prenuptial agreements are about more than just resolving uncertainty in a marriage. Any couple who brings any personal or business assets to the union can benefit from one. They are also important to have in place before a couple starts investing in businesses, properties and other investments.

The most basic of prenups should list an inventory of premarital assets that would stay with the original owner in case of a divorce. Florida has both case law and a statute to help lawyers, judges and the parties determine if a prenuptial agreement is enforceable.

For example, Florida courts must consider things such as fraud, duress, coercion, in addition to the unfairness of the agreement, and whether there was any financial disclosure.

According to the Forbes article:

It’s not all that uncommon for mistakes to be made when putting a prenup in place. . . high-quality legal work is based in expertise and precision, which is why we diligently do everything possible to make sure our clients’ prenups do not get ‘busted.’

The Forbes article is here.

 

Alimony and The Parent Trap

Posted by Ron Kauffman on

Actor Dennis Quaid and his former wife Kimberly Buffington-Quaid are Breaking Away and are officially divorced. However, reports show that the multi-millionaire actor may not be paying alimony to his former Enemy Mine. Why not?

The Big Easy

According to People, Buffington-Quaid, who filed for divorce in 2016, will receive $2 million in a lump sum payment, another million for property settlements, and $13,750 a month in child support.

According to further reports, her child support payment could increase if Quaid pulls in more than $1.3 million in a year. However, there are no reports that he is paying alimony, other than the cryptic reference to a “lump sum payment”.

The Quaids case may be one in which alimony is not needed.

Florida Alimony

I’ve written about alimony and alimony reform in Florida often. In every dissolution of marriage case, the court can grant alimony to either party – husband or wife.

There are several types of alimony in Florida: bridge-the-gap, rehabilitative, durational, or permanent alimony. The court can also award a combination of alimony types.

Alimony awards are normally paid in periodic payments, but sometimes the payments of alimony can be in a lump sum or both lump sum and periodic payments.

In determining whether to award alimony or not, the court has to first make a determination as to whether a party, like Buffington-Quaid, has an actual need for alimony, and whether the other party has the ability to pay alimony.

Once a court determines there is a need and ability to pay alimony, it has to decide the proper type and amount of alimony. In doing so, the court considers several factors, some of which can include:

  • The standard of living established during the marriage.
  • The duration of the marriage.
  • The age and the physical and emotional condition of each party.
  • The financial resources of each party, including the nonmarital and the marital assets and liabilities distributed to each.
  • The earning capacities, educational levels, vocational skills, and employability of the parties and, when applicable, the time necessary for either party to acquire sufficient education or training to enable such party to find appropriate employment.

In the Quaid case, Buffington-Quaid seems to have been awarded a very handsome property settlement, in addition to over $13,000 per month in child support payments.

The Right Stuff

While the Quaids are sharing joint physical custody of their children, Buffington-Quaid was awarded 75% of their time.

From Quaid’s Vantage Point, he made out ok, and is reportedly keeping most of the cars — a 2007 Land Rover, 2012 Mercedes and 2013 Honda.

His ex-wife will also have Something to Talk About, she will keep her 2014 Mercedes. Additionally, the actor will keep their home in Austin, Texas, and they’ll split the sale price of their family home.

The People article is here.

 

Property Division is Not Half Bad

Posted by Ron Kauffman on

They say a guy knows he’s in love when he loses interest in his car. A Kansas man is showing the reverse is also true. Alternatively, that would explain why the Kansas man still clings to his half-of-a-car long after his love ended. At the very least,his half-a-car is physical proof that a property division means equal halves.

The Better Half

According to the Kansas City Star, the late-Edgerton Mayor, Ray Braun, used to own the gas station where the front half of his 1987 Chevrolet Citation is parked, a testament to a successful property division.

On the side of the car is a sign which reads:

“Divorced. She got ½.”

The former mayor is the culprit who put his half of the equitable distribution – the half-car – in front of the gas station.

Some view his half a car as a landmark. If you go to Kansas City, or anywhere around, and ask about this town, they have no clue where it’s at. But if you ask them, ‘You remember that little half-car that’s off 56?’ ‘Yeah!’ ‘Well, that’s that little town.

But at a special morning meeting, the three council members in attendance decided unanimously for the city attorney to draft a resolution to finally be rid of the half car.

Florida Property Division

I’ve written about property division in Florida many times before. Property division, or equitable distribution as it is called in Florida, is governed by statute and case law.

Generally, courts set apart to each spouse their nonmarital assets and debts, and then distribute the marital assets and debts between the parties. In dividing the marital assets and debts though, the court must begin with the premise that the distribution should be equal.

However, if there is a justification for an unequal distribution, the court can give less than equal.

When a court orders an unequal distribution, it must base the decision on certain factors, including some of the following:

  • The contribution to the marriage by each spouse.
  • The economic circumstances of the parties.
  • The duration of the marriage.
  • Any interruption of personal careers or educational opportunities.
  • The contribution to the personal career or educational opportunity of the other spouse.
  • The desirability of retaining any asset.
  • The intentional dissipation, waste, depletion, or destruction of marital assets after the filing of the petition or within 2 years prior to the filing of the petition.
  • Any other factors necessary to do equity and justice between the parties.

The courts don’t even have to wait for the end of the case to distribute property. Florida law allows courts, if they find good cause that there should be an interim partial distribution during a divorce action, to equitably distribute property sooner.

You Don’t Know the Half of It

Braun fitted his half-car with rear caster wheels and used to drive it in parades. But City Council President Clay Longanecker says the car has become “an eyesore” and the Edgerton codes department has ruled it has to be disposed of.

To some Edgerton residents however, the half-car has for years been seen as a welcoming post, a kind of unofficial eyesore monument. and some may fight to keep it.

The biggest joke of all? Braun was never divorced.

The Kansas City Star article is here.

 

Injunctions: Property Division on Ice

Posted by Ron Kauffman on

Rapper Vanilla Ice’s divorce is getting hot! His wife’s lawyers filed court papers trying to stop him from selling marital property by asking for a court injunction. You can’t have a property division if your spouse gets rid of the assets first. Here’s how to protect yourself.

Ice Ice Baby

According to TMZ, Vanilla Ice’s Wife wants to prevent a fire sale in the wake of their impending divorce, which has already gotten underway with him allegedly unloading their jet skis.

He’s a gentleman, he’s not hiding anything”

said a source in Ice’s entourage who asked to remain anonymous because there’s a gag order in the case.

Vanilla Ice’s estranged wife, Laura Van Winkle, filed a motion for an injunction to prevent her husband from selling marital property earlier this month to stop any more sales.

Freezing Assets

I’ve written about property division before, but a property division does you no good if the assets are long gone. How exactly do you avoid getting frozen out of your fair share of the property if your spouse is getting rid of it before a court can divide it? One way is an injunction.

Our divorce statute has a provision which specifically allows a court to freeze assets when either party is about to remove his or her property out of the state, or fraudulently convey or conceal it.

Florida courts can enter an injunction against the party or the property and make such orders as will secure alimony or support to the party who should receive it. A temporary injunction is an extraordinary remedy which are granted sparingly. The requirement to even be entitled to a temporary injunction, are tough.

In conclusion, Mrs. Ice must show that she will suffer irreparable harm unless the status quo is maintained; she has no adequate remedy at law; she has a clear legal right to the relief requested; and, the temporary injunction will serve the public interest.

There are plenty of examples of injunctions being used to prevent the waste of property. For example, they can be used to prevent both the sale of a home and prohibit you from going into further debt through a mortgage or line of credit.

Jet Skis on Ice

According to the article, Mrs. Ice claims Vanilla is in possession of nearly all of the couple’s marital assets, and she can’t stop him from doing what he wants with their property without a court injunction.

Mrs. Ice filed her original divorce petition in 2016. She asked to be allowed to stay in the family house, child support for the ice, ice baby, alimony, and attorney’s fees.

The TMZ article is here.

 

Celebrity Prenuptial Agreements

Posted by Ron Kauffman on

Prince Harry said he knew Meghan Markle was the one the first time they met. Now he’s showing his confidence in their union by rejecting a prenuptial agreement, reports the Daily Mail. What are prenuptial agreements and why does Meghan Markle want one?

The Royal Prenup

According to the article:

“There was never any question in Harry’s mind that he would sign a prenup,” one of his friends said. “He’s determined that his marriage will be a lasting one, so there’s no need for him to sign anything.”

Okay, but real talk: For one, prenups aren’t legally enforceable in the UK, although they are taken under consideration in divorce cases.

And, Harry isn’t the only royal who has shunned prenuptial agreements. Prince William and Kate Middleton reportedly didn’t sign one before their wedding, and neither did their mother, Princess Diana.

Florida Prenups

I’ve written about prenuptial agreements before. Prenuptial agreements are about more than just uncertainty in a marriage. Any couple who brings any personal or business assets to the union can benefit from one.

The most basic of these prenups lists an inventory of premarital assets that would stay with the original owner in case of a divorce.

The agreement can also include monetary support during and after a marriage, child support, and how future income or additional assets like inheritance will be shared (or not shared) if the couple splits.

Many think prenuptial agreements are for the wealthy or famous, like Prince Harry. But, you don’t always enter a marriage with riches, or guarantees that the bliss will last. It might not be a bad idea to have a plan in place – in case of intrigue at the palace.

Prenuptial agreements, typically resolve things like alimony, ownership of businesses, title of properties, in addition to the lifestyle clauses of celebrities.

There are many other, more mundane, concerns that can be addressed in the prenup:

  • Caring for a parent
  • Going back to school;
  • Shopping habits
  • Credit card debt;
  • Tax liabilities;
  • Alimony and child support from previous relationships; and
  • Death or disability.

Celebrity Prenups

Many celebrities have prenuptial agreements which can have unique clauses too. For example:

Jay-Z and Beyoncé

If this couple ever find themselves not-so “crazy in love,” the couple reportedly signed a prenuptial agreement that gives Beyoncé $5 million for each child they have together, and that Beyoncé would earn $10 million if the marriage ended before two years, and $1 million each year that they remained married, up to 15 years.

Michael Douglas and Catherine Zeta-Jones

The couple has been married since 2000, but if they divorce, Catherine would reportedly receive $2.8 million for each year of marriage, according to New York Daily News. (So, if they split today, that would add up to over $50 million.) And if Michael cheated, she would also get a $5 million bonus.

Mark Zuckerberg and Priscilla Chan

There’s no word on if the couple signed an official prenuptial agreement, but the book Once You’re Lucky, Twice You’re Good reportedly revealed that Priscilla had Mark sign a relationship agreement when she moved in with him after graduating from Harvard.

Their purported agreement required the couple to have a date night once a week and spend 100 minutes of alone time together weekly outside of the office or their home.

The Women’s Health Magazine article is here.