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Will a Schwarzenegger -Shriver Prenuptial Agreement Have Any Impact on Divorce Settlement?

June 22, 2011 | Posted In Recent News - Family Law |

http://money.cnn.com/2011/05/20/news/economy/arnold_schwarzenegger_divorce/?section=money_latest

There is no confirmation yet that Maria Shriver has begun formal divorce proceedings against her husband, but there is already speculation about whether Shriver and her estranged husband, Arnold Schwarzenegger, signed a prenuptial agreement before their 1986 marriage.  The two had been married for 25 years and recently announced a separation just before Schwarzenegger admitted that he had fathered a child with his housekeeper.

Any divorce settlement between Schwarzenegger and Shriver is likely to dwarf the biggest mega-million Hollywood divorce payout.  There's big money at stake here.  Even though Schwarzenegger hasn't made a movie in years, he has made extremely astute investments and has income from his Terminator movie franchises.  He owns a publishing firm that publishes fitness magazines, owns millions of dollars worth of stock, and has a solid property portfolio.  He's also the owner of a California gym.

Shriver herself belongs to the Kennedy clan and is an heiress in her own right.  Typically, a union involving two very wealthy people will involve the presence of a prenuptial agreement.  It's not known if one existed here, but even if it did, it is not clear to New Jersey divorce attorneys if it would stand up in a court of law.

Typically, a prenuptial agreement has clauses that terminate its validity after the couple has been married for a decade.  In this case, Shriver and Schwarzenegger have been married for 25 years, and any prenuptial agreement has likely exceeded its validity term.  Shriver is likely to end up with a massive settlement that could exceed $100 million.  For now, it looks like parties both have done the smart thing – spoken with divorce lawyers about their options.

 

The New Jersey divorce lawyers at Helmer Paul Conley and Kasselman represent individuals facing family law issues including alimony, child custody, child support, divorce, domestic violence, paternity, prenuptial agreements, property settlement agreements, visitation and more.

 

 

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