If you did not already know, the point guard for the Phoenix Suns’ Steve Nash reportedly asked his wife for a divorce the day after the birth of their son. They had been married for five years. Nash filed his divorce papers last week. Further, Nash “is asking the court to uphold a premarital agreement that calls for him to not provide permanent spousal support.” In fact, Nash has made around $100 million in his career.
From an Orange County divorce lawyer’s perspective and if this case was filed in California, for that matter, since the couple was married for only 5 years, it is likely that Nash’s wife will only be entitled to spousal support for one half of the length of the marriage, unless the prenuptual agreement calls for a different payout. The marriage is a short-term marriage and Nash’s wife will likely not be entitled to lifetime spousal support.
For high earning sports figures like Nash, he was definitely smart to have his wife sign a prenuptual agreement. Prenuptual agreements set forth a plan for the division of marital assets and debts in the event of a divorce. It is definitely something people should consider if they are entering the marriage will a lot of assets. In fact, we have discussed the purpose of entering into prenuptual agreements on this blog here.
A few things to keep in mind when entering into a prenuptual agreement are these two key factors: (1) the party who the prenuptual agreement is being enforced against must have 7 calendar days upon presentation of the final agreement in which to review same and (2) the party who the prenuptual agreement is being enforced against must have independent counsel to review same.
For more information on prenuptual agreements and how an Orange County divorce lawyer can assist you with same, contact an Orange County divorce lawyer for more information.