Tom Cruise and Katy Holmes’ most recent divorce has been the spark of many conversations and television time. The celebrity divorce has left many wondering how much money is to be handed over in the settlement. While more and more celebrity couples have lost numerous amounts and many estates, recent posts have been disclosed stating that the actress won’t gain much from the terminated marriage. While the celebrities have means to generate more income, it is important to stress the importance of the prenuptial agreement.
A prenuptial agreement, which can also be an estate planning tool, is a written contract between two people prior to entering marriage or a civil union. The contract states the terms of possession of assets, division of property, spousal support, and conditions of guardianship in the event of divorce or breakup of marriage.
At Sivia Business & Legal Service P.C we specialize our practice in keeping your assets safe. With the number of individuals who divorce and remarry continuously increasing, the lack of a prenuptial agreement may undermine existing individual’s estate plans. Even children from a previous marriages may benefit by the signing of a prenuptial agreement ensuring that the new spouses’ property rights do not infringe on their own. We here at SBLS want to help protect your assets and continue growing your wealth.
Sivia Business & Legal Services, P.C. is an asset protection law firm and mainly focusing on general business law, real estate, estate planning, probate, and elder law. Sivia Business & Legal Services, P.C. is committed to quality legal representation at affordable prices. The law firm is located at 217 South Main St., Edwardsville, IL 62025. Also, view the website at www.sivialaw.com.
For more information regarding prenuptial agreements or estate planning, please contact Sivia Business & Legal Services, P.C. at (618) 659-4499 or info@sivialaw.com