Protecting Your Family's Future
 

No Prenuptial Agreement for Janet Jackson

Recently, former fiancée of Janet Jackson, Wissam Al Mana, announced that he would be avoiding a pre-nuptial agreement to protect his billion dollar fortune.  At the advice of his lawyers, he did draw up an agreement that stated if he and Jackson ever got divorced, she would take with her $500 million, upon the condition that they must have been married for at least five years. However his rejection of this initial prenuptial agreement was seen as declaration of true love.  This is being criticized, however, by those who believe that marriage is also a business arrangement, and that it would be in his best interest to protect his assets before marriage. Full article.

In Texas, parties can enter into written premarital contracts which focus on the disposition of their separate property as well as future community property before entering into marriage.  However, the agreement cannot violate any laws, and it cannot be against public policy.  Agreements must be signed by both parties before marriage.  These contracts then become effective on the date of marriage. Additionally, premarital agreements terminate on the death of one of the spouses.  In a divorce though, the court is only allowed to split property during that is deemed to be community assets.  It is imperative that parties seek independent legal counsel before signing a premarital or post-marital agreement.

It is wise to consider a prenuptial agreement to protect your assets in the event of a separation or divorce. Stewart Law, PLLC, will help you know your rights and advise you in these matters as they have over 8 years of experience in the area. They provide legal counsel to men and women in divorce and family law matters across many Texas State counties.  For an initial assessment and consultation of your case, contact us online or call our office at (281) 420-8020, at a reduced fee of ($50).

 

 
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