YOU DON'T NEED TO HAVE ANYWHERE NEAR ADELE-LEVEL ASSETS TO BENEFIT FROM HAVING A PRENUP IN LOUISIANA
Fans of Adele's music may have many more of her lovelorn breakup ballads to look forward to -- but for a sad reason. The British music star and her husband are getting a divorce.
It hasn't been reported yet where the couple's divorce will take place. They own property in California, which, like Louisiana, is a community property state. It is being reported that the two do not have a prenuptial agreement. If the divorce takes place in California, Adele's husband, who's not a well-known figure, could be entitled to half of the millions his wife has earned since the two got married.
While it might seem inconceivable to some that a person of Adele's wealth and fame would wed without a prenup, she has been quoted as saying that money isn't "that important a part of my life." She's reportedly already given her husband property valued at over $600,000.
It often seems like just about every couple -- certainly every couple where at least one spouse has substantial assets -- puts a prenup in place before they tie the knot. However, only about 5% of couples have prenups. Many people believe that a request for a prenup indicates that they don't believe the marriage will last or that they don't trust their partner to be fair if it doesn't.
However, prenups can be a valuable legal tool to protect assets that a person has worked hard to earn or that have been handed down for generations. It can also make the divorce process go much more smoothly. In community property states, it can protect the spouse who has the far larger share of assets.
Of course, both spouses-to-be must agree to the terms of the prenup. Therefore, it's often in both of their best interests if the provisions are mutually fair. A prenup can be the basis for an important discussion about finances, goals and expectations prior to marriage.
You don't need to have anywhere near Adele-level assets to benefit from having a prenup in Louisiana. If you're planning to get married, it's wise to at least consider one. An experienced attorney can provide valuable guidance.