Joseph M. Lucas & Associates, L.L.C.
With divorce rates staying steady in America, many couples are considering prenuptial agreement before they tie the knot. This is especially true when high assets are involved. Many Chicago residents may be aware of the story involving a woman who got a judge to rip up her prenuptial agreement from a millionaire ex-husband.
Four days prior to the couple’s wedding, the husband forced his soon-to-be-wife to sign a prenuptial agreement before they got married. He promised he would rip up the agreement after they had kids. Three children and a divorce later, the ex-husband never ripped up the prenup, leaving his ex-wife out of a lot of money. Angered by the rush to sign it in the first place, the ex-wife sought to have it removed on the grounds that she was defrauded since the ex-husband never fulfilled his promise on shredding the document.
After a 77-year-old Long Island judge ruled that the prenup should be ripped up, he may have opened the flood gate for other defrauded prenup cases. The now retired judge urges any couples considering a prenup to carefully construct it so that any last minute pressure is dissolved. Prenuptial agreements can be a great tool for couples considering marriage. Aside from protecting one party’s assets, they can also be used to determine how property will be passed upon death and can avoid long, costly divorce disputes.
Any Chicago residents seeking to create a prenuptial agreement should be sure to know what is in the best interest of the couple. Constructing a prenup has become more popular in today’s society when it comes to marriage.
Source: New York Post, “Precedent-setting prenup judge now writes ironclad marital agreements for a living.” Kieran Crowley, March 13, 2013