Now that Valentine's Day is over, many newly engaged couples will be flocking to stores to set up their wedding registries. Planning for a wedding can become overwhelming and many couples don't think about creating a prenuptial agreement despite almost half of marriages ending in divorce.
Many Austin residents may have heard that Katy Perry and Russell Brand have finalized their divorce by reaching a comprehensive divorce settlement on all issues. The couple agreed that the settlement was uncontested and waived their right to go to trial. The couple announced their separation on Dec. 30 and now will wait the required six-month waiting period to officially end their 14-month marriage.
Kobe and Vanessa Bryant have agreed to the property division in their divorce case, which this blog has previously reported on for Texas readers. The longtime professional basketball star has transferred ownership of three upscale homes -- with a total estimated value of $18.8 million, according to reports -- to his wife of 10 years.
Maria Shriver will continue with her plans to divorce former California Gov. Arnold Schwarzenegger, despite rumors that the estranged pair is reconciling. The combination of a large engagement ring being worn by Shriver, an increasing amount of time the two have spent together in public and Schwarzenegger's gestures of regret fueled the speculation in news reports in Texas and elsewhere.
Couples engaged to be married may find prenuptial agreements useful in order to avoid unnecessary future conflicts. It is easier to agree to financial terms when both parties are calm and level-headed rather than strained by the often-contentious issues of divorce.
The announcement of the divorce between reality television star Kim Kardashian and pro-basketball player Kris Humphries has been headline fodder, but it is not a complete shock to marriage and financial experts. The marriage lasted 72 days before Kardashian called it quits.
Couples who entered into prenuptial agreements in the past were sometimes criticized for putting the divorce cart before the marriage horse. While the divorce rate continues to hover around 50 percent, some who are getting married or considering remarriage may feel differently.
The separation and divorce of Tareq and Michaele Salahi has become as public as Michaele's reality show and the couple's party-crashing antics at a White House state dinner. Tareq Salahi has filed for divorce, claiming his wife abandoned him for a rock guitarist.
Legal experts agree that prenuptial agreements can be useful for engaged couples, especially in certain situations. Young couples in first marriages, who normally have few assets, may not benefit as much from a prenuptial agreement as those who have accumulated sizable premarital wealth or who have children from a past marriage.