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I'm an attorney, an author and a narcissist negotiation expert.
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All right, let's talk out
which celebrity couples don't have prenups.
I recently heard that
Bill and Melinda Gates didn't have a prenup.
Reportedly, who knows what the truth is?
But apparently, it was in her pleadings that
there was no prenuptial agreement, very interesting.
If you want to know more about their divorce,
go check out my video on the Gates’ divorce,
what she's getting, what she may not be getting,
versus, whether there's a prenup or not a prenup.
I break it all down there.
I also heard that Megan and Harry don't have a prenup.
Apparently, when they got married in 2018,
you definitely would think that there would be
a huge prenup, like a Tome, right?
Like, thousands of pages.
But apparently, it's not common for members of
the Royal family to have prenuptial agreements.
According to some of the BBC reports,
they're saying that it's more common in the United States.
They're not necessarily enforceable in the UK, so
I guess they don't have a prenup either.
at least according to the reports that I've heard.
The other couple that
I've heard that doesn't have a prenup
is Seth Rogen and his wife, Lauren Miller.
He got married at the height of his career.
He had had lots and lots of movies and success.
He proposed to his girlfriend Lauren Miller
in 2016, and he was just saying that,
they're not going to do that, that's not a thing for them.
That's totally fine.
Apparently, he told Stern that his business manager told him
to get a prenup, and he told Howard Stern he said that
marriage can be expensive and if I lose millions,
it'll be the best millions I've ever spent.
So, he didn't really necessarily care.
Well, why would you need one?
Why does it matter
that some of these couples don't have one?
That is because,
you don't touch them, you don't do anything with them,
you don't even participate in how they’re invested
or direct them in any way, shape, or form and
especially if they're like, tied up in trust
that are irrevocable and things like that.
Then, more than likely, there's no way that there's
ever going to be a claim by the other spouse on them.
So, that's really the key,
keeping your assets and your debts completely separate.
Now, I say all of this, definitely consult
with a lawyer in your area, state, country or jurisdiction
to confirm what I'm saying, but in general,
if you keep everything completely separate and apart,
then, there's really no issue.
The other reason why a lot of people
don't get prenuptial agreements is, if there is
Meaning that both parties in the couple
have about the same amount and assets,
they might have about the same amount of income.
They’ve already got
their estate plans up and running and set.
It doesn't really necessarily matter if
they have a prenuptial agreement or not.
I see this a lot with older couples
who have maybe been married before, and
they've already got their state plans set,
they’re maybe not even working anymore,
so there's no income to deal with.
The only income might just be passive off
of their investments or a pension that was
earned long before they got married,
something like that.
That’s how some couples get away
with not having a prenup at all.
Now, there are some couples that do necessarily need one.
One of the reasons might be kind of like
the opposite of what I was saying,
which is that you have a disparity in incomes or assets,
like one person has way more than the other person.
If you're trying to protect a business, for example,
that you've owned prior to the marriage and
you're going to continue to work in it,
the law in your area might be
as a marital or community or whatever the word is,
in your area or at least the appreciated value on it.
A lot of times, they distinguish,
between the appreciated value on something
that was just passive,
like a piece of real estate that you purchased and
the value happened to go up and you're in that area
versus the value of a business that
the one person went in and worked every day and
really contributed to making it worth much more
at the time of the divorce
than it was at the time of the marriage.
Appreciated value can sometimes be
distinguished between active and passive.
So, you might want to check with a lawyer
in your particular area to see if that's the case.
The other thing is commingling of assets or putting some
kind of premarital money into a home for a down payment,
something like that.
Some states, if you title that home in joint names,
it becomes half belonging to the other person.
In some areas you can actually carve out that down payment
but that can get really messy no matter who you are.
You might also need a prenuptial agreement
Alimony is something that is
dictated by your state, country or jurisdiction.
It's often dictated by the length of the marriage,
the health of the parties, there's a disparity in
incomes and assets, whether one party decided
to forgo a career in order to raise children,
education level, all that sort of thing.
There are a lot of things that go
into the calculation of spousal support.
Some areas have guidelines as well, which
makes it sometimes a little bit easier to figure out.
But, spousal support is something that can
be pre-contracted for usually in a prenuptial agreement.
Remember, I'm speaking general terms because,
this area is something that you really need
to consult with a lawyer in your area.
Spousal support is definitely one of those areas.
Anything financial is usually something that
you can contract for in a prenuptial agreement.
Either way you can have a post-nuptial agreement too.
It just means it’s signed after the marriage and
usually there are different requirements with regards to
financial disclosure and things like that.
You just really have to check
with a lawyer in your area on that.
What can you not contract for in a prenuptial agreement?
Usually, the judge has the final authority on
what's in the best interests of children.
You can't say,
“Oh, if we have children in the future, that
this will be the parenting plan” or something like that,
because it may not be what ends up being
in the best interest of the children at that time
based on what's going on between the parties.
One party might have a substance abuse issue or
one party works all the time, travels a lot.
I mean, it just really depends.
So, that's something that
you cannot usually pre-contract for.
But they're really great for protecting yourself.
If you are so ready to protect yourself,
Give me your thoughts on whether or not
these celebrities should
have prenups or not have prenups
or whether you think you need one or not.
I’d love to see your comments below.
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Thank you so much for stopping by.
I will see you in the next video.
Remember,
today is a great day to start negotiating your best life.