The Benefits Of Prenuptial Agreements Make Headlines Once Again.

May 12, 2021 • by Elizabeth J. Billies

Last week, Bill and Melinda Gates announced plans to end their 27-year-long marriage. The announcement raises questions about the fate of their fortune. The couple, estimated to be worth over $130 billion, did not have a prenuptial agreement. Instead, a separation contract is guiding how their property and assets will be divided, according to published reports.

Prenuptial agreements are not just for the wealthy. Any parties contemplating marriage should also contemplate whether they would like to enter into a prenuptial agreement. Many parties are already doing so, as legal professionals have seen a rise in prenuptial agreements in recent years. Click here for an article from CNBC regarding prenuptial agreements and why you should consider one.

Additionally, not all prenuptial agreement are created equal. If a prenuptial is not prepared correctly, it could be declared null and void and result in court proceedings. Signing off on a prenup without a lawyer is a mistake for a host of reasons, writes Liz Billies, recent contributor to the Better Apart Blog.

Should you be contemplating marriage and are interested in learning more about prenuptial agreements, or if you are already married and are interested in entering into a postnuptial agreement, which can set forth how your property is divided in the event of a divorce, contact one of Dischell Bartle Dooley's experienced family law attorneys by calling 215-362-2474 or send us an email.