On behalf of Stange Law Firm, PC posted in divorce on Tuesday, May 10, 2016.
Whether you have significant assets, a few very important assets or investments that you hope will become quite valuable some day, it can be wise to take steps to protect your ownership of these assets when you get married.
In order to do this, you can create a prenuptial agreement. This legal document will allow you and your soon-to-be spouse to make some important financial decisions that could otherwise become major points of contention should you divorce. According to recent news reports, it is a prenuptial agreement that allowed actress Kaley Cuoco to keep millions of dollars she reportedly earns for her role on a popular sitcom.
Cuoco got married less than two years ago to a professional tennis player. While both of them have enjoyed success in their respective industries, Cuoco was evidently the larger earner in the relationship. She stars on the show “The Big Bang Theory,” and reportedly earns $1 million per episode.
When the two recently announced their divorce, questions arose about her recently signed contract worth $72 million and the multiple properties the couple owned.
Thankfully for Cuoco, the couple had signed a prenuptial agreement that addressed these financial matters. In accordance with that document, the actress will keep her millions from the show as well as two homes.
This is a good example of how important it can be to hash out financial matters before you get married and while you and your partner still care for each other. Situations like Cuoco’s can get ugly very quickly when two people are ending a relationship and there is a lot of money on the line.
If you have assets you’d like to protect with a prenup or concerns about an existing prenup, it can be crucial that you discuss your situation and your legal options with an attorney. Even though you may not be a celebrity or professional athlete, there are still finances at stake in any divorce. Protecting yourself and your financial well-being can be essential.