Aging movie stars often have relationships with young beautiful women. There are many examples of these “May/December” relationships. Michael Douglas, age 65, is married to the beautiful Catherine Zetta Jones, age 40. Lorenzo Lamas, age 52 is engaged to be married to Shawna Craig, age 23. Bruce Willis, who was formerly married to Demi Moore, is 54. He recently married, Emma Hearning, a 30 year old model. He trumps his ex-wife, Demi, who is 47 years old and married to the 32 year old, Austin Kutcher.

How do these aging movie stars avoid losing their shirt when these Hollywood marriages fail. One way, that anyone with assets can avoid losing a substantial portion of their assets in a divorce is to have a Pre-Nuptial Agreement. Pre-Nuptial Agreements basically set up a plan for the division of assets and for spousal support (alimony) should the marriage fail. The agreements are straight forward and deal with all financial marital issues.

Pre-Nuptial Agreements are now commonly used by individuals who are married more than once during their lifetime. They deal with problems presented at the time of divorce, they also deal with inheritance rights in the event one of the parties to the marriage (usually the older man) dies first.

I have written many Pre-Nuptial Agreements in my legal practice that deal with May/December marriages. I often wonder about the basis of these relationships. Is it the financial security the deep pocketed man provides or is it true love? I am sure love is a factor but I very rarely come across a May/December marriage where the man is both older and poor!

Should you have a question about a Pre-Nuptial or Post-Nuptial Agreement, feel free to give the Law Office of Elliot S. Schlissel a call at 1-800-344-6431 or email us at schlissel.law@att.net.

Elliot Schlissel, Esq.

Picture of Bruce Willis & Emma Hearning courtesy of iVenus.com.

Reports have been circulating the past few days that Tiger Woods has been in negotiation with his wife Elin to “update” the pre-nuptial agreement to induce her to stay in the marriage after news of several of his extra-marital affairs became public.

Originally, the couple’s pre-nuptial agreement, signed in October of 2004, stipulated that Ms. Nordegren would receive a $20m payment from Mr. Woods after 10 years of marriage, which would have been in the year 2014. But with the recent revelations, news sources  have  reported that he has offered her an immediate payment of $5m and an additional $55m if she stays with him until October of 2011. The new agreement would reportedly also given her even another $20m if she stayed longer (totaling $80m). It would have also required her to attend public events with him and allow him to show the world (and his corporate sponsors, who are sticking with him so far) that he and Ms. Nordegren had reconciled completely.

These reports make it (mildly) surprising that she left for Sweden this week, thus potentially forfeiting any payment under either the old pre-nuptial agreement or any new agreement. It would definitely be understandable if she simply felt that no amount of money is worth staying in a miserable marriage. Alternatively, her stay overseas may be temporary and the couple will be getting back together. Not much is known publicly at this point.

It is noteworthy that although most news sources are reporting that the couple were in negotiations to sign a new “pre-nuptial agreement,” that  term is not the correct one. If a couple who is already married signs the equivalent of a pre-nuptial agreement, it is called a “post-nuptial agreement” because the nuptials have already taken place.

You can always contact the office by phone at 800-344-6431 or by e-mail  for questions about pre or post-nuptial agreements, divorce, or any other kind of legal matter.

Picture courtesy of thisisdiversity.com