Prenups and High Net Worth Divorces: Do They Solve Everything?

While any high net worth individual might consider a prenuptial agreement to be an ironclad contract, New York state law might not agree. New York is one of the few states which hasn’t adopted the Uniform Prenuptial Agreement Act (UPAA). New York has its own set of rules and laws for these types of agreements.

A prenuptial agreement is designed to help avoid chaos, strife and acrimony should a divorce occur in that marriage. However, as evidenced by the recent attention-grabbing stories involving Robert De Niro, “prenups” are not able to solve every problem that arises in a divorce, even when the terms are clearly spelled out and agreed upon beforehand.