In California, there are many people who have accrued substantial assets and want to protect themselves before they get married. Often, these individuals are in the entertainment industry. However, anyone who has much to lose if they get divorced should consider a prenuptial agreement or a postnuptial agreement. While most will not be able to relate to people who find themselves in the tabloids for personal drama, there are lessons to be learned regarding protecting assets with a prenuptial agreement. Having experienced help throughout this process is also imperative.
Britney Spears plans prenup prior to wedding as conservatorship case proceeds
The singer and entertainer Britney Spears has been a prominent fixture in the news recently. That stems from her ongoing dispute with her father about being under his watch in a court-appointed conservatorship. At the same time, she is planning to marry and is preparing a prenuptial agreement that she claims is hindered by the ongoing conservatorship. Regarding the conservatorship, her father implied that it should end. It has been in place for 13 years.
Ms. Spears has stated through representatives that the engagement to her fiancé is a primary factor in wanting to end the conservatorship. The prenuptial agreement is not going to be negotiated and completed until the conservatorship is ended. She says her relationship with her father is fractured and his input in the prenup would be unavoidable while he is the conservator. Ms. Spears reportedly has a fortune worth approximately $60 million.
Having assistance with prenuptial agreements is essential
This case is an example of the interlocking challenges that can come up with a prenuptial agreement being negotiated amid other legal concerns. While few people will be in the same position as Ms. Spears, anyone can face inevitable complications regarding prenuptial agreements. If one person has major assets and the other does not, these agreements can stipulate what happens if there is a divorce. For protection and to cobble together a strong agreement, it is useful to have professional guidance from the start.