Online news outlets and social media channels were abuzz last week over the news that media mogul Rupert Murdoch was filing for divorce from his wife of nearly 15 years.
We have discussed on previous occasions the importance of ensuring the validity of a prenuptial agreement in Texas. Prenuptial agreements are contracts that are signed by soon-to-be spouses prior to the exchange of "I do." There are a variety of manners in which these agreements can be extremely valuable for marrying couples -- particularly in instances of remarriage, or where one spouse has a significant amount of assets. Couples can draft an agreement of this nature with the assistance of an attorney well versed in matters pertaining to family law.
We have discussed the divorce unfolding in Texas between Deion Sanders and his wife of 14 years in various capacities across this blog. There have been allegations of domestic violence, disputes over custody and claims by Deion that all of the media attention surrounding his split is negatively impacting his career and endorsement deals. The couple's divorce trial began this month, and in the latest development, an arbitrator has ruled that the prenuptial agreement the couple signed will be upheld.
Signing a prenuptial agreement is not a precursor to a divorce. Over the past couple of decades the rate at which couples across the nation are signing a prenuptial agreement has increased a significant amount. One family law attorney in Atlanta reports, "Overall, I'd say prenups are ten times more common than they were 20 years ago, when I started practicing. It's not taboo anymore." The same holds true in Texas as well, where a surge of prenuptial agreements have been signed.
At one time, the idea that someone would enter into a marriage with a predetermined decision of how to handle finances in the event of a divorce was thought of as both unromantic and tacky. But although seniors may be madly in love with the person they want to marry, with a bit more life experience they realize there is more at stake that they need to protect. One of the key issues is property division. It is not unusual for seniors to have their own property paid for that they plan to leave to their children or grandchildren. They may also have a good deal of personal heirlooms they want to pass on to a biological family member. Without a prenuptial agreement, such property could go to the new spouse in the event of divorce or death. The marriage itself can even override a will in many cases.
The traditions of relationships, love and marriage change over time. Couples wait longer to get married these days, meaning that they might already be living together and be bringing money (or debt) into the marriage. They are more established in their lives and, therefore, likely have more business and money matters to clarify before getting married in order to prepare for a potential divorce.
Don't want to get married? If that's the case, you are not alone. Not getting married is a decision that more and more Americans are making. But that doesn't mean that those against marriage are against committed relationships.
In previous posts about the contested divorce between Deion and Pilar Sanders, it becomes clearer with each update that their split is filled with drama. In the beginning, it sounded as though Pilar wanted to keep the marriage together. She eventually, however, accepted that the Texas divorce was on and decided to challenge the pair's prenuptial agreement.
In a previous divorce post, we discussed famous athlete Deion Sanders and the ending of his marriage to his estranged wife Pilar. They have been married for about 12 years and have three children together. What looked like it might have been an amicable divorce, however, seems to have taken a turn for the nasty.
Another famous athlete. Another high-profile divorce. Deion Sanders isn't just a famous athlete, but he is undoubtedly one of the most famous in the U.S. He is one of few stars to play professional football and baseball. His sports successes have landed him a luxurious Texas home, a home that he is reportedly still sharing with his wife Pilar, even though Deion filed for divorce in Texas last month.