Time and time again we hear about celebrities who got themselves in a financial mess because of the way they handled their marriage and divorce. Anyone who plans to get married can benefit from a prenuptial agreement, but it’s especially true if you have a lot of assets. And when it comes to celebrities, “a lot” is a modest way to describe their assets.
Even when an individual is worth millions, the heart can sometimes overpower the brain. The soon-to-be-married couple may discuss having a prenuptial agreement and decide against it, or they may not even bring it up in the first place.
This may have been the case when actor Johnny Depp married Amber Heard 15 months ago. That relationship quickly soured and Heard recently filed for divorce. She has already demanded spousal support. Depp’s biggest problem, according to legal commentators, is that he didn’t have a prenuptial agreement in place. Although Heard is not likely to get a huge payout due to the short length of their marriage, Depp may still end up settling on a lump payment in order to keep the case out of the court system. In his case, a prenuptial agreement could have saved him a lot of stress and wasted time.
What purpose does a prenuptial agreement serve? It helps protect an individual’s personal assets and also outlines any agreement made regarding spousal support. This type of agreement can be beneficial to both parties because it can set clear expectations and guidelines in case of a divorce.