After the announcement that celebrity couple Kim Kardashian and Kanye West would be ending their marriage, many began to wonder what this meant for their vast combined assets and wealth. While there are millions of dollars at stake in their divorce, it is possible it will not be an extremely contentious process. Many celebrity couples plan for their divorce well in advance by drafting a prenuptial agreement, saving them time, stress and money.
A high-stakes divorce
Most couples in California are not fighting over millions of dollars, but every spouse is pursuing the best possible financial future. In the Kardashian-West divorce, there is a prenuptial agreement that outlines how the two parties will divide all marital property. These agreements protect separate property and outline the financial responsibilities of each spouse. The existence of a prenup likely means Mr. West and Mrs. Kardashian will be able to avoid a costly court battle.
A prenup can help keep the peace during what would otherwise be a contentious divorce. However, it is still possible to avoid litigation without one. By preparing well for divorce and maintaining a willingness to negotiate, any California couple can resolve remaining issues out of court.
Long-term solutions
During a divorce, it is easy to allow emotions to control decisions. While it’s normal to feel strongly about the terms of a divorce, this does not always lead to smart and sustainable decisions. It may be best for a spouse to speak with an experienced legal professional before making any decisions that will have a long-term impact.