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Posts tagged "prenuptial agreements"

Pre and postnuptial agreements clear financial air

Some couples view prenuptial agreements as guarantee of a future divorce. That opinion is fading as more engaged couples seek out premarital agreements to solve money problems that could happen due to divorce or a partner's death.

Dallas CEO says he's too broke to pay spousal support

Could the CEO of a firm worth billions of dollars escape paying spousal support if he shows a family court that he and his company are insolvent? That is exactly what the head of a financial services firm told a Texas judge in a battle over the executive's commitment to a prenuptial agreement.

Practicality makes prenuptial contracts popular

The signing of prenuptial agreements is often associated with the protection of individual assets in case a marriage falters and ends in divorce. Attorneys agree that prenuptial agreements reduce time in court, but add that the agreements serve a larger purpose. Provisions within a prenuptial agreement address how marital assets are divided during a divorce settlement. The measures also may apply if one spouse dies.

Report: Cohabiting couples put off marriage to avoid divorce

A report from the Pew Research Center found that marriage rates have fallen to all-time low levels with the number of married couples only slightly greater than singles. Those who do marry are also tying the knot later in life. A companion study published in December probed the reasons why couples in Texas and elsewhere are hesitating to marry.

Kobe Bryant divorce may cost NBA star half his fortune

Wealth and fame do not guarantee that a spouse's divorce settlement is favorable or fair. Sometimes the mistakes of the very rich can teach those with fewer resources valuable lessons about settling property division during a divorce.

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Law Office of Michael D. Tracton, P.C.

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