The idea of marriage can be as scary as it is exciting and wonderful. With the current rate of divorce in the United States one can't help but envision a future where their marriage does not pass the test of time. The possibility of divorce has led many to protect themselves and their assets before they take their vows. One of the more popular methods of protection prior to marriage is a prenuptial agreement. The rich and famous as well as the average person all have interests that can be protected through the use of a prenuptial agreement.
Singer and actress Miley Cyrus has recently announced her engagement to her fiancé. Before they walk down the aisle, the 20 year old star wants to protect more than her wealth with a prenuptial agreement. The star is an avid animal lover who owns half a dozen dogs as well as an adopted pig. It is likely any agreement will have provisions allowing her to maintain ownership of her pets as well as protecting her $130 million dollar portion of the couples $150 million dollar combined wealth.
In Florida, prenuptial agreements are governed by the Uniform Premarital Agreement Act. The property that is overseen by prenuptial agreements can include future property, tangible or intangible items and earning gained actively and passively. In order for an agreement to be valid it must be in writing and signed by both parties.
A long, fulfilling and happy marriage is what many people expect when they first enter into marriage. Reality shows that this is not always the outcome, as it takes two people to make a marriage succeed and only one to break it apart. Investing in a prenuptial agreement may be less romantic in the beginning but the sense of security gained may be of greater benefit than any lost feelings of romance.
Source: Examiner, "Miley Cyrus wants celebrity wedding prenup, worried animal lover," Belky Perez Schwartz, Nov. 29, 2012