Hollywoodlife.com has reported that Khloe Kardashian and Tristan Thompson are having difficulty hashing out the details of their prenup. This is a very routine story for celebrity couples tying the knot. However, these situations usually are not as drama filled as entertainment news outlets attempt to portray. Prenups are very important and can be helpful to the couple in building a successful and lasting relationship.
A discussion to get a prenuptial agreement is a tough discussion to have. Planning a wedding can be stressful enough. However, prenuptial “negotiations” provide couples a chance to grow and strengthen a relationship. Additionally, these conversations provide the couple a foundation for a variety of financial discussions that will occur in the future.
Today, many couples should consider a prenup prior to marriage. As the case with Kardashian and Thompson, couples are getting married at an older age with established assets and income to protect. Both Kardashian and Thompson have worked hard individually to develop there own success and it is important to ensure what is individually earned is retained. A prenup is simply a chance to sort out certain financial concerns and protect certain assets, entities, and liabilities.
A prenup provides a couple an opportunity to implement their own financial laws governing their marriage rather than live under the State's laws. The document can be as simple or complex as they choose. It can govern only one specific asset such as a property or investment, or can govern all financial aspects of the relationship.
Without a prenup, marital assets are divided in Florida by a judge using a process called equitable distribution. Equitable distribution requires the court to consider a lengthy list of factors in determining which spouse is entitled to which property. This process requires a lot of attorney work, which is very costly. A prenuptial agreement can take these matters out of a judge's hands and save couples a lot of money and stress if needed in the future.
Kardashian and Thompson are smart to ensure their prenuptial details are finalized before taking the plunge into marriage. People are often far more open to a prenuptial agreement on their second marriage once they realize the true ugly potential of what could come even though an ugly future is never expected.
For any legal advice regarding prenups, postnups, or marriage, contact The Law Office of Mark Balsom, P.A. today!