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Connecticut Divorce Lawyer

posted in Prenuptial Agreements

on Wednesday, January 18, 2012.

Couples planning to get married in Connecticut should keep an eye on high-profile divorces. Many have been in the news these past few months, but a more recent one may see a large amount of wealth switch hands. The divorce between pop star Katy Perry and comedian Russell Brand — filed for by Brand — may see Perry lose $20 million during the division of property.

Married in 2010 in India, the state with which they filed for their U.S. marriage license has a community property law for divorces. The two, reportedly, do not have a prenuptial agreement, which means that they will split their earnings right down the middle.

Estimates from Forbes have shown that Brand is worth less than Perry. Reportedly, Perry is worth $44 million while Brand is worth $15 million. If reports are true and the two do not have a prenuptial agreement, Perry may lose approximately $20 million in the divorce.

The two had been allegedly fighting for months before the filing. Allegedly Brand filed for the divorce because Perry did not want to anger her parents, who are devout Christians and apparently would not have approved.

Both are coping in their own ways and are likely preparing for the divorce process to begin. As evidenced above, some marriages may not last as long as partners think when they first agree to marry. Especially for high-asset couples, negotiating a prenuptial agreement can reduce a lot of headaches down the road by avoiding court. It is not a sign that one partner does not think the marriage is not going to work, but a responsible step that shows the partners are planning for the future.

Source: New York Daily News, “Russell Brand may get $20 million of Katy Perry’s fortune in divorce if no pre-nup,” Amanda Mikelberg, Jan. 2, 2012

Tags: divorce, high-asset, prenuptial agreement, property division

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