Here’s how the story goes: The parties married in 1990 at the ages of 47 and 41. At the time of their marriage, the soon-to-be spouse’s financial situations were as follows:
- Husband had substantially more assets than wife, owning a substantial stake in a family business, along with numerous assets. His estimated net worth was over $80 million.
- Wife owned no real property, had few assets, and made $25,000 per year as a secretary. She shared a two-bedroom apartment with her daughter from her first marriage.
Before their marriage, Husband and Wife discussed the need for a prenuptial agreement and obtained their own attorneys who negotiated and drafted their prenup. Fast forward 8 years- Husband files for divorce and sought enforcement of the prenup agreement, and after 3 days of a divorce trial, the court held that the agreement was unenforceable. Wait, WHAT?
Relax. The Prenuptial Agreement was enforced.
Ultimately, the Supreme Judicial Court overruled the trial court’s decision, and enforced the prenuptial agreement. The court reasoned that even though the terms of the prenuptial agreement heavily favored the wealthier husband, the agreement was both “fair and reasonable” at the time of execution and at the time of enforcement. Want to read all of the juicy details? Check out the full case text.