For example, for two people who enter a first marriage after they've both had careers and built up significant assets, a prenup
can preserve those assets if the marriage doesn't work.
Alimony or spousal support does have tax implications, as alimony is taxable to the recipient as ordinary income--which much be considered both when drafting a prenup
or, during divorce settlement discussions, absent such an agreement," he explained.
But a legal source in LA said: "George's first divorce papers show he didn't have a prenup
The Law Commission, a statutory independent body that advises on law reform, recently called for prenups
to be legally binding in divorce settlements.
Sophie Williams, of South Wales law firm Watkins and Gunn said that prenup
agreements were becoming more common, particularly among people with existing assets who are marrying for a second time.
Couples who have built up assets earmarked for specific objectives, like college tuition funding, can make sure those goals are safeguarded via a prenup
It has all the standard prenup
stuff like a "cheating clause" and a "drug clause," but they also have a "plastic surgery clause" and a "Kris Jenner clause?
For example, in "The Prenup
and the Porsche," she explains how her family went to a race car museum for Father's Day.
When the arguably hasty Haifa married next lucrative conquest Ahmad, he presented her with a USD 20 million dowry and - in a converse prenup
- a promised USD 40 million should divorce come down the line.
Although in the majority of cases it is still the groom who is the main instigator of the prenup
, more than one in five (21%) prenuptial requests or enquiries are now at the behest of the bride-to-be.
But when push came to prenup
, 29-year-old Toni got cold feet and welcomed her hubby back into the family fold.
normally details how financial matters must be dealt with in the event of divorce.