Reviews

Reginald Black

Feb 20, 2017

I can\'t say enough about Kathleen Gingrich. I needed her services at a very difficult time in my life. ...

Deb Hoffert

Feb 08, 2017

I can not say enough great things about this law firm. Everyone is extremely knowledgeable, professional and above all else ...

John Arena

Feb 01, 2017

Peter Russo and the staff at his firm have handled my personal and professional business for almost a decade. His ...

rick scott

Feb 01, 2017

Peter was easy to work with and handled my case first class. He was knowledgeable about my case (possible age ...

Jenn Spears Brenize

Feb 01, 2017

Peter is extremely knowledgeable and aggressive, yet even-tempered. He is professional, diligent, and compassionate, and responsive to his clients\' ...

Robert Davis

Jul 25, 2018

WERE BACK !! First and foremost Peter has a sense of humor. Peter was efficient and effective and on point when ...

Angela Reighard

Jun 26, 2018

Kara Haggerty was an amazing attorney. She handled my highly toxic divorce with aplomb, carefully and skillfully. Megan was also ...

Bob Levin

May 11, 2018

I have been working with Peter for last 3 years and the experience has been worthwhile. He is a man of ...

Beth Sizer

Mar 22, 2018

I am a grandmother who just wants to be involved with her only grandson\'s life in every way, watch ...

Aubrey

Jan 10, 2018

Peter is an excellent attorney! He is caring and effective in his representations.

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How a prenuptial agreement could have protected a billionaire

For those in Harrisburg who have not heard, it is believed that the largest divorce settlement has recently been issued for $4.5 billion and millions of dollars’ in property. While the divorce did not happen in the U.S., much less in Pennsylvania, it can still serve as an important reminder for individuals entering a marriage with significant wealth to get a prenuptial agreement.

By working with a family law lawyer to create a prenuptial agreement or “prenup,” individuals can help protect the finances, assets and property they owned prior to getting married. In essence, a prenup allows for future spouses to determine how property should be divided in the event of a divorce. Generally, individuals will want to keep what they had going in and then equitablly distrubte what was earned while married, but couples can ultimately come up with whatever method of dividing their assets they want.

It is unknown if there was a prenup in this case or even if prenuptial agreements are recognized in Switzerland. It is somewhat unlikely that the couple would have had a prenuptial agreement, however, as they first met in university. Unless the billionaire already came from money, they probably met when they were on equal financial footing and, thus, may not have considered a prenup.

This is not to say that prenups are only for the extremely wealthy. Prenups can be useful for individuals who are getting married later in life, people who have children from previous relationships and, really, anyone. A family law lawyer can help to determine if a prenup makes sense given an individual’s circumstances.

Source: The Associated Press, “Russian oligarch faces $4.5 billion Swiss divorce,” John Heilprin, May 20, 2014