Many Pennsylvania residents may have heard that Angelina Jolie has filed for divorce from Brad Pitt. While celebrity divorces are not rare, theirs is an interesting situation. During the 12 years they have been together, they have made more than half a billion dollars and added six children to their family. Considering that they did not marry until 2014, some observersare interested in how the division of their significant assets will be handled.
Since 2004 when the couple first got together, Pitt has made an estimated $315.5 million before taxes, earning him a spot as one of the top 100 highest earning entertainers. Jolie made an estimated $239.5 million before taxes. The experts suggest that it is highly likely that the two signed a prenuptial agreement when they got married due to their individual wealth and the fact that both of them were previously married. If a prenup does exist, it likely lays out which homes and other assets will belong to each person.
The biggest potential conflict appears to be the former couple's six children. If Jolie receives sole custody as she is currently seeking, it is likely that Pitt will be required to pay child support. If Pitt is awarded joint custody, he may not be required to do so.
Prenuptial agreements are not just for wealthy celebrities. They allow individuals to protect property and other assets that they owned solely prior to getting married. When there is no prenuptial agreement, a family law attorney may assist a client with negotiating how any real estate holdings, bank accounts and retirement accounts will be divided.