September 29, 2023


Parenting News

Do Pre-Nups Work? Simply Ask Kevin Costner!

2 min read

The Hollywood tabloids are buzzing with their protection of Kevin Costner’s pending divorce from his spouse Christine Baumgartner. The actor, aged 68, was reportedly handed divorce papers after 18 years of marriage to his now 49-year-old spouse.

However this divorce shouldn’t contain years of authorized wrangling, like a few of them do.  As a result of once they married in 2004, Costner and Baumgartner entered right into a pre-nuptial settlement (or pre-nup) – which isn’t shocking since Costner’s been married and divorced earlier than.  He reportedly paid his first ex-wife, Cindy Silva, about $80 million once they cut up. 

Costner has apparently realized from that expensive expertise – and you’ll, too.

His present pre-nup with Baumgartner expressly covers the problems of kid assist and kids’s bills, property division, and duty for attorneys’ charges, to call just a few.  (And below the settlement, Baumgartner will obtain practically $130,000 per month, in assist for his or her three kids).  It additionally offers that Baumgartner should transfer out of their shared dwelling inside 30 days of her submitting for the divorce.

Importantly, it additionally begins the ball rolling on settling out their funds:   Costner’s authorized workforce advises that he has already paid Baumgartner $1.5 million up-front, consistent with the pre-nup’s stipulated phrases.

Based on some U.S. authorized specialists who’re watching the case, the readability and certainty of this pre-nup is perhaps onerous to problem.  Little doubt it’s been drafted and negotiated by groups of very skilled U.S. Household Legal professionals, who’re specialists at crafting ironclad agreements.  As in Canada, the regulation governing these sorts of marriage contracts make them very troublesome to overturn or contest, generally.

This has not stopped Baumgartner from attempting, although.  It’s been reported that she is now challenging the pre-nup’s validity, claiming that she felt pressured to signal it. As with Canadian regulation, the contract legal guidelines of California dictate {that a} marriage contract may be put aside, however solely in specified and comparatively slender circumstances. It’s a excessive hurdle to satisfy, particularly when presumably each spouses obtained impartial authorized recommendation previous to signing.

Apparently, Costner’s authorized workforce is well-armed in opposition to this type of assault as effectively:  The pre-nup states that if both of them contests its validity – however in the end doesn’t succeed – then they need to pay the opposite’s authorized charges, witness charges, and appraisal prices.  And if it’s Baumgartner who launches the unsuccessful assault, then she should repay the $1.5 million advance she’s already obtained.  This type of time period serves to dissuade each spouses from launching baseless makes an attempt to impugn a good and freely-negotiated deal.

The pending Costner-Baumgartner divorce simply goes to point out:  Whether or not you’re a pair of high-profile superstar spouses, or a median Canadian couple, getting a pre-nup isn’t a nasty concept.

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