When Amazon founder Jeff Bezos divorced his wife MacKenzie in 2019, the settlement she received was reportedly more than $35 billion, the largest in history. This was based partly on her three-percent share of the company. Upon her divorce, MacKenzie changed her last name to Scott and garnered a lot of media attention for her… Read More »
Prenuptial agreements are valuable tools to protect your property and your financial stability before you enter a marriage. Knowing that many marriages end in divorce, particularly high-net worth marriages, using a prenuptial agreement can be highly beneficial and, in the best-case scenario, you won’t even need to rely on it at all. Here are just… Read More »
New Yorkers in long-term relationships sometimes delay getting married because they are unsure about establishing a legal bond that would require court action to dissolve. One frequent concern involves alimony, which is referred to as “maintenance” in the state statutes. The length of the marriage at issue is a key factor in maintenance determinations. Many… Read More »
Prenuptial agreements can be extremely beneficial for couples about to enter into a marriage to establish certain ground rules for splitting debts, assets and other responsibilities. However, there are some items you may not include in a prenup. It is important to know these items before you sign your agreement. Issues related to your children… Read More »
Amazon founder and CEO Jeff Bezos recently announced that he and his wife, MacKenzie, would be getting divorced. The divorce is expected to shatter records because Bezos is the wealthiest man in the world and the couple did not have a prenuptial agreement. There have been reports of an affair Bezos had during the marriage,… Read More »
Divorced couples are able to own property together, but in doing so they must abide by the same rules any other business partners would. This means one partner must have the other’s permission to take any action with the property, whether that be renting it out, making improvements or selling it. Keep in mind that… Read More »
Recent surveys of family law attorneys indicate prenuptial agreements (prenups) have become increasingly popular among millennials in recent years. One big reason for this trend is that millennials are getting married older, on average, than previous generations, meaning they’re coming into marriage with more assets. However, perhaps the biggest factor is the massive debt weighing… Read More »
Prenuptial agreements may be on the rise in terms of their popularity, but that doesn’t make it any easier for you to ask your partner for one. It can be a difficult conversation to navigate, even if the agreement would be beneficial for both people entering a marriage. Therefore, broaching the subject requires some tact…. Read More »
Although U.S. divorce rates have been in decline in the new millennium, many people still find it advisable or beneficial to create prenuptial agreements that protect their interests and assets in case a divorce happens. It’s true that prenups can be useful agreements to protect people from the harmful fallout of a divorce. However, certain… Read More »
Between 1990 and 2010, the divorce rate for Americans over the age of 50 doubled. For many couples ending their marriages later in life, special considerations may factor into a settlement. If you are entering into a divorce as a senior, consider the following: Alimony issues: Unlike younger divorcees who may only be required to… Read More »