Not too many people in Pennsylvania or elsewhere will reach the status of billionaire in this life. Those who do need to take certain steps to protect their assets in the event of divorce. A high asset divorce is not something that will be easily or quickly settled, especially if one spouse questions the terms of a prenuptial agreement.
Recently, it was reported that Mark and Alison Pincus have called it quits on their marriage. Mark is the founder of Zynga, a company he started one year before getting married. This company has been wildly successful, making his net worth rise to well over $1 billion. Alison has also had an extremely successful career as the co-founder of One Kings Lane, allowing her to amass has a significant fortune of her own.
As both Mark and Alison had assets that they wished to protect going into their marriage, they signed a prenuptial agreement. However, this is something that Mrs. Pincus is said to be challenging as her husband’s net worth grew substantially over the course of their marriage. Papers have been filed in court, and it will be interesting to see how this particular case is ultimately resolved.
Seeking to have a prenuptial agreement nullified is not an easy task. However, in high asset divorce cases such as this, where the vast majority of one spouse’s net worth was built up during the marriage, it is understandable as to why Mrs. Pincus would make this request. While most divorcing couples in Pennsylvania will not be fighting over billions of dollars, any massive build up of money during a marriage does certainly change things. An experienced attorney can assist those who want to fight the terms of their prenuptial agreements in order to receive their fair share of marital assets.
Source: marketwatch.com, “Billion-dollar divorce: Silicon Valley power couple Mark Pincus, Alison Gelb Pincus split“, Emily Smith, March 30, 2017