» Recent Breakups Show Importance of Prenuptial Agreements Notes Orange County Divorce Lawyer

Recent Breakups Show Importance of Prenuptial Agreements Notes Orange County Divorce Lawyer

Orange County, CA (Law Firm Newswire) January 17, 2012 - Recent Los Angeles celebrity divorces show how important prenuptial agreements are. The Kobe and Vanessa Bryant split does not include a prenuptial agreement, and thus Kobe stands to lose half of his fortune by not preparing ahead for the potential breakup. Added to that, he spent 10 years with his wife, so the courts will look at their marriage as a long-term one.

Orange County Divorce Firm, The Maggio Law Firm

Orange County Family Law Firm, The Maggio Law Firm

“This will give her rights to more spousal support, property rights, and assets,” said Orange County divorce attorney Gerald Maggio. “If a prenuptial agreement had been done, her rights to this substantial amount of money would have been limited. This is a good wake up call for couples looking to get married who want to protect their assets and years of hard work should their marriage break up down the road.”

With a 10-year-plus marriage, California divorce courts typically rule that a spouse is allowed to maintain a standard of living after the divorce. Permanent spousal support is thus more of a likelihood in these types of breakups. For Kobe, who is estimated at a net worth of $150 million, this will mean a large amount for spousal support.

“Getting a prenuptial does not automatically mean you will get divorced in the future,” said Maggio. “It just means you are taking a smart approach to your finances and assets that you bring to the marriage. Each person will clearly know their duties, responsibilities, and rights when this is done ahead of time.”

Each person in the marriage will have his or her own attorney review the prenuptial agreement to ensure it is fair to each side and legally enforceable. The agreement helps to resolve disputes and, especially for people who have been married before, helps define property divisions and business deals that are separate from the marriage.

“Full disclosure of income and debt is essential, as is the fact that both parties must enter into it freely and voluntarily,” said Maggio. “You do not have to make millions to have a prenup, you just need the desire to protect your assets that you bring into a marriage.”

To learn more about the Maggio Law Firm or to contact a Orange County family law attorney, visit http://www.maggiolawfirm.com.

The Maggio Law Firm
Main Office
8105 Irvine Center Drive, Suite 600
Irvine, CA 92618
Call: (949) 553-0304

Riverside Office
3750 University Avenue, Suite 670
Riverside, CA 92501
Call: (949) 553-0304


View Larger Map

  • How To Deal With Parental Alienation In Custody Cases
    In order to act against parental alienation, you first need to educate yourself about what parental alienation actually is. Once you are fully aware of what parental alienation is and how it is affecting you, your child, and your relationship with each other; you will be able to tackle it in a better way. Many […]
  • Seeking Sanctions Against Your Spouse in Divorce Cases
    In California, it is possible for you to seek sanctions against your spouse. You can evoke Family Code section 271 to make such a request. Requests made on the basis of Family Code section 271 are not considered as ‘need-based’ attorney’s fees by the court, but as sanctions for improper conduct in the case.  You […]
  • Questions To Ask Your Divorce Attorney At Your First Consultation
    Once you have finally made up your mind of separating from your spouse, the next step for you is to zero in on a proficient divorce attorney who would handle your lawsuit. An expert professional attorney is the one who can furnish you with the intricacies of your state family laws and guide you through […]

See other news sources publishing this article. BETA | Tags: , , , ,



Get headlines from Law Firm Newswire sent right to your inbox.

* indicates required