Hollywood actor and estranged wife have a prenuptial agreement

On Behalf of | May 5, 2023 | Prenuptial Agreements

Celebrity divorces often involve a significant amount of money, multiple real estate properties and a large amount of public scrutiny. In order to avoid some of the complications associated with this type of divorce, actors, musicians and other high-income celebrities may draft a prenuptial agreement before walking down the aisle. Famous television and movie actor Kevin Costner and his wife recently filed for divorce, but it is reported that the couple has a prenup.

Irreconcilable differences between the couple

Mr. Costner and his wife had been separated for one month before the wife filed for divorce. In her divorce petition, she requested joint custody of the couple’s three children. The wife cited irreconcilable differences as the reason for their divorce, and Mr. Costner did the same when he filed his response.

In his divorce filing. Mr. Costner stated that there was a prenuptial agreement that outlined terms regarding spousal support, properties they own and legal fees. He listed his separate property to include certain properties, earnings since the separation, jewelry, personal effects and more. Mr. Costner’s previous divorce resulted in an $80 million settlement with his ex-wife.

Who really needs a prenup?

While they are beneficial for celebrity couples, a Virginia couple does not have to be wealthy or famous to benefit from a prenuptial agreement. By having this type of contract in place, a potential future divorce will be simpler, less complicated and less stressful. Creating a prenup is not planning for the marriage to fail; instead, it allows a couple to prepare for contingencies.