Yes, Jeff Bezos, founder of Amazon and the undisputed richest person alive is going through a divorce from his long time Wife MacKenzie Bezos. Yes, it is fodder for divorce gossip and jokes. Yes, they have four children together and I am not sure the child support calculator can handle the math. Yes, it is doubtful that the Bezos have a prenuptial or post marital agreement and perhaps MacKenzie is entitled to half of the Bezos’ fortune which is reportedly close to $150 billion, and child support will likely be staggering.
While one might think this the ideal launching pad for a discussion of how Jeff Bezos should have had a prenuptial agreement I think the exceptional fortune at play makes a prenuptial agreement less important for these people.
Does it really matter in their lives how many billions of dollars they have? Is there anything either of them could not still afford to do if they split their assets? I think the lessons to be taken from this relate more to how money does not buy you happiness and that happiness and living ones life as best as one can in our limited time on this earth are more important than money.
That being said, everyone who does not have a billion dollars or more, so money does not matter to them in the event of a divorce, should be calling us right now on (786) 539-4935 to get a prenuptial agreement.
“We want prenup” was a term thrown into the popular culture of the time by Kanye West’s song “Gold Digger”. While people often think of a prenuptial agreement as reserved for celebrities and the mega rich any couple can benefit from one.
Prenuptial and premarital agreements are agreements entered into by parties contemplating marriage that set forth the rights and obligations of each party in the event of death, divorce, and even during the marriage. They can be used to delineate the assets, debts, and income that may be marital and divided should the marriage fail, and those that may remain separate and not be divided in the event of divorce. There are only a few things that they can’t be used for which mostly relate to child issues, like determining child custody, a parenting plan, or child support.
Nobody goes into a marriage thinking it will fail but its best to plan for contingencies, just like we get insurance to protect things we own. Prenuptial agreements can offer certainty and help to reduce the transactional costs should the worst happen and the marriage result in a divorce, leaving less to fight about and with both parties knowing where they will stand. While it can be a little uncomfortable discussing a prenuptial agreement with a fiancé, having a prenuptial agreement can help people stay friends down the road if the relationship results in a divorce by taking the acrimony out of the divorce process itself. If you think it’s hard to talk about consider it may be easier to negotiate with a party that loves you and wants to marry you than one that wants to leave you and divorce you already. If you are losing the relationship with the person you thought was the love of your life you may thank yourself and they may thank you also for not adding a fight in divorce court to the process. For the frugal among you, the cost is likely to be much less than a divorce with contested financial issues.
If you want to talk to us about a prenuptial agreement please contact our office to arrange a consultation on (786)539-4935