Laura Dale & Associates, P.C.
Se Habla Español Nous Parlons Français
Call 713-574-7952 or 888-572-6059

Texas couples gain financial control with prenuptial agreements

The end of a Texas marriage isn't just a matter of two people calling it quits and walking away. Divorce is a legal process that, in part, determines how a couple's assets and debts will be shared. Without an alternate financial agreement, divorcing Houston spouses will divide property according to the state's community property laws.

Prenuptial agreements allow couples to customize a financial plan that protects individual assets in case of divorce. The contents of a pre-marital agreement must follow guidelines set in Texas Family Code 1B:4A. Otherwise, spouses-to-be have the freedom to design the financial course they want to take any way they like.

Tremendous individual wealth often triggers a desire for a prenuptial contract. That's true for celebrities Kanye West and Kim Kardashian, who are scheduled to marry in May. Reports say the couple is putting the final touches on a prenup that reflects events that came before their engagement.

This will be Kardashian's third marriage and West's first. The couple has a 9-month-old child. The two are heading into marriage with substantial personal assets.

Reports say Kardashian's finances would be well protected should she and West's marriage fail. Kanye West named Kim as the beneficiary of an insurance policy worth $20 million. The proceeds would go to Kardashian, no matter what fate awaits the couple's relationship.

Kardashian also could receive an added $10 million. That's the cap on a reported agreement that she will get $1 million for every year the couple remains married. Reportedly, the couple's Bel Air home also would go to Kim. No provisions of the contract were reported that affected the couple's daughter.

People who benefit from prenuptial agreements often have a specific goal, like asset preservation for children from earlier marriages. Some individuals want to separate property that would be considered community property under Texas laws, without a prenuptial or post-nuptial agreement.

Source: Atlanta Daily World, "Inside Kim Kardashian & Kanye West’s Multi-Million Dollar Prenup" Myeisha Essex, Mar. 08, 2014

No Comments

Leave a comment
Comment Information

Client Testimonials

  1. Laura Dale the best Family Law attorney I have ever met... Posted by John...Listens, takes your calls, tells you the truth (even when it may not be what you want to hear)... Read More

  2. The Best...Posted by a Child Custody client... Laura Dale handled my international child custody and divorce matter. I am an attorney in Houston and was referred to her... Read More

  3. A Meticulous, Knowledgeable, Attorney with Heart...Posted by a Child Custody client... Laura was not the first attorney that my husband and I interviewed for an extremely complex... Read More

  4. Top Notch, Hands Down - The Best...Posted by Tammi, a Child Custody client... Laura Dale has been absolutely the best attorney I could have found for my difficult child custody... Read More

Contact Our Experienced Team Today | Se habla español | Nous parlons français

Due to the experience our lawyers have in many specialized areas, you can rely on us to put together the right team to handle your case, even if it centers on complex issues such as international family law, business valuation or bankruptcy. Contact us today to make an appointment to discuss your needs with a knowledgeable lawyer.

Login to Client Portal

Laura Dale & Associates, P.C.
1800 Saint James Place
Suite 620
Houston, TX 77056

Toll Free: 888-572-6059
Phone: 713-574-7952
Fax: 713-600-1718
Houston Law Office Map