28 October 2015
Paris Jackson and the $2 Billion Prenuptial Agreement
Michael Jackson’s daughter is hoping to get married once she turns 18, but her family want to make sure she protects her assets by signing a prenuptial agreement.
The assets she could protect in a prenup are rumoured to be worth up to two billion dollars (or £1.3bn).
Paris Jackson’s fortune is not just from the wealth generated by her father’s musical hits. The Michael Jackson estate and Sony each own half of a huge musical catalogue. It’s highly valuable because it has nearly a million copyrights, including 251 songs by The Beatles and hits from current popular artists such as Taylor Swift and Lady Gaga.
By signing a prenuptial agreement, Paris could protect these assets that could be worth up to £1.3bn. If the young couple were to enter into a prenuptial agreement they will set out how any assets they have each acquired will be divided should their marriage break down.
Just because the Jackson family want Paris to sign a prenup does not mean that they do not support her relationship with rising football star Chester Castellaw, 18. Even though the couple have only been together since spring 2015, Paris’ uncle Jermaine Jackson is understood to have shown his backing by agreeing to walk her down the aisle.
Entering into a prenuptial agreement is a prudent idea, especially when you have considerable assets you have acquired before your big day. Prenups can prevent arguments that can be draining both emotionally and financially should your relationship end in divorce. They can also safeguard your financial future and that of your children, should you already have any from a previous relationship.
Slater and Gordon Family Lawyer Beverley Darwent said, “Our specialist Family Lawyers can ensure your prenup is drawn up properly to limit the financial settlement you make on any future divorce or preserve assets from a previous relationship so you can leave them to your children.”
If you would like to speak to a family solicitor about Prenuptial Agreements, call Slater and Gordon Lawyers on freephone 0800 916 9055 or contact us online and we will call you back at a time that suits you.
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