Divorce can be expensive, especially if you have a lot of wealth and no marital agreement to protect it from going on the chopping block in divorce. Readers may have heard of billionaire Harold Hamm, who is currently going through a divorce with his wife of 25 years. The case is an important one in that it could become the most expensive divorce to date, but also because of the legal issues involved.
Property division can be a sticky aspect of divorce, both for couples who have significant assets and for those who have modest assets. Depending on the state in which the divorce occurs, the law generally either divides up marital assets 50-50 or on an equitable basis. Needless to say, these blanket approaches do not fit the needs of many couples. Therefore, it is important to consider a prenuptial agreement.