Recently Harold Hamm, an oil company executive considered the wealthiest man in Oklahoma, was ordered by an Oklahoma judge to pay his ex-spouse, Sue Ann Hamm, nearly one billion dollars in cash and assets. This divorce settlement ranks among the largest in U.S....
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prenuptial agreement
A high-profile divorce can impact many people
A high-profile divorce can impact more people than you imagine. For example, recently the news media reported preliminary details of a high-profile Chicago-based couple’s filing for divorce. That in itself is not particularly unusual, except that this couple is...
Can you challenge a prenup?
Can your challenge a prenup? In a recent blog post we took a brief look at prenuptial agreements and how they can figure in the divorce process. Now we will switch sides and address whether and how these agreements can be overturned. When one or both spouses in a...
Premarital Agreements
The purpose of a “prenup”, or premarital agreement, is to create a document that legally establishes how certain assets and/or property will be distributed if the upcoming marriage should, at a future time, be terminated. The agreement provides protection and...
Understanding Premarital and Prenuptial Agreements in Orange County, California – Part II
Let’s dive a little deeper into the law that governs California prenuptial and premarital agreements. As we discussed last time, the important California Family Code Sections are sections 1600 through 1617. Section 1613 says that premarital agreements go into affect...
Understanding Premarital and Prenuptial Agreements in Orange County, California – Part I
In today’s post and a subsequent one, we’re going to talk about premarital and prenuptial agreements in California. The Uniformed Premarital Agreement Act (UPAA) creates the scaffolding for prenuptial agreements. If you want to “dig deep” into the law, check out...
9 Tips for Setting Up a Prenuptial Agreement (The Smart Way) – Part 3
Here are three more “best practices” for setting up prenuptial agreements in California — designed to help you and your fiancé protect your rights and feel in control. 7. Separate out any child support/custody issues from other marriages. The new marital estate...
9 Tips for Setting Up a Prenuptial Agreement (The Smart Way) – Part 2
Here are three more tips about how to create a workable, respectable prenuptial agreement. 4. Get your worries and concerns out on the table. One thing that builds enduring relationships is straightforwardness. If you don’t feel comfortable talking with your...
9 Tips for Setting Up a Prenuptial Agreement (The Smart Way) – Part 1
Whether you’re an heiress to a small fortune or a successful entrepreneur, you want to protect your rights and property, before you tie the knot with your beloved. But having the “prenuptial conversation” can be challenging, even if you love and trust your fiancée,...
Daughter engaged to older wealthy man requiring a prenuptial agreement
My 25 year old daughter is engaged to a very nice guy who is quite a bit older than she. He is asking her to sign a prenup due to his company being family owned. He is agreeable to giving her a life insurance plan in lieu of her having an interest in his business or...