Pre-Marital Agreement | Pennsylvania Family Law Blog - The Law Offices of Sheryl R. Rentz - Part 2
According to The Detroit Free Press, a survey was recently conducted that found many unmarried couples who live together are increasingly deciding to sign a cohabitation agreement to give them protection should their relationship end.
The American Academy of Matrimonial Lawyers (AAML) is a grouping of approximately 1,600 divorce attorneys and conducted the survey amongst its members. The survey discovered about 48 percent have seen a rise in the number of couples who are “duking it out in court” during the past five years. Of those, about 39 percent report an increase in the number of couples who chose to have a cohabitation agreement if their arrangement is outside of legally recognized marriages. Read the rest »
The Huffington Post reports that Elizabeth Hurley and her husband Arun Nayar are divorcing after three years of marriage. However, Hurley disregarded one major precaution most celebrities take before marrying: having a pre-nuptial agreement.
Hurley could potentially lose a significant amount of her fortune because of this oversight. The British actress is said to have over £13 million (over $17 million USD), including a £4.3 million (approximately $5.7 million USD) mansion in South-West England as well as a £2.5 million (about $3.3 million USD) townhouse in London, which her ex-boyfriend Hugh Grant co-owns. Read the rest »
A San Francisco Chronicle article has brought to light the recent increase in the number of pre-marital agreements (also referred to as a pre-nuptial agreement or prenuptial) currently being filed by Americans. Just a few decades ago, pre-marital agreements were adopted almost solely by the wealthy. However, in today’s modern age, more and more middle class couples are choosing to enter in pre-marital agreements prior to officially tying the knot.
Interestingly, a recent poll by the American Academy of Matrimonial Lawyers (AAML) discovered that women are typically the ones to initiate a pre-marital agreement, doing so about 52% of the time, according to a survey of divorce lawyers in the United States. Speculatively, this could be attributed to the fact that the number of working wives has steadily increased over the years. According to the U.S. Department of Labor, about 46% of the workforce is now comprised of women, with numbers continually rising each year. With a greater number of women working and earning larger salaries than they did in years’ past, women have generally developed an increasingly higher interest in protecting their assets, which a pre-marital agreement offers. Read the rest »