Donald Trump is known for zealously guarding his wealth, even when it comes to his marriages. The former president has reportedly signed ironclad prenuptial agreements with all three of his wives. While his ex-spouses challenged the agreements in court, Trump largely prevailed in limiting payouts. His ruthless prenup negotiations provide invaluable lessons for those seeking to protect assets prior to marriage.
In Massachusetts, prenups are not just for the rich and famous. They can benefit everyday couples looking to preserve their financial interests in case of divorce. Prenups allow you to determine in advance how property, finances, spousal support and other matters will be handled if you split up. I've drafted hundreds prenups for Massachusetts clients during my years as a family law attorney.
However, prenups must be watertight to withstand legal challenges. As Trump's former wives discovered, vague or incomplete agreements can fail to offer protection when tested in court. Ivana Trump contested her prenup after claims of undervaluing her contributions to Trump's business empire. An experienced lawyer can draft an enforceable prenup that accounts for all potential scenarios.
It's also wise to revisit prenups over time. After Marla Maples received just $1 million in her divorce settlement, Trump admitted he should have had her sign a new agreement later in the marriage. I advise my prenup clients to update contracts after major life changes such as having a child or increased wealth.
While prenups may not be romantic, they can give both spouses peace of mind. I've helped hundreds of Massachusetts clients protect assets and avoid ugly court battles through smart prenup planning. Contact my office today to discuss your situation. With the right prenup in place, you can rest assured your interests are secured.
Disclaimer: The content provided in this blog is for informational and educational purposes only. It should not be construed as legal advice and readers should not act upon any information provided without seeking professional legal counsel. The author does not guarantee the completeness or accuracy of the information provided. This blog is not intended to create an attorney-client relationship between the author and the reader.