When an everyday person meets another everyday person and the two begin a life together, assets are commingled and the story of his and hers becomes “ours”. When an ordinary couple calls it quits, untangling the story of who gets what can be tricky, but not near as tricky as if the pair are celebrities. Celebrities tend to have high net worth, and so when they pair up it is important to make sure assets are protected.
Just like each couple has a different story, every celebrity has a different story too. Not all famous people share the same level of wealth, and not all celebrity couples are made up of two people with similar financial statuses. The current celebrity couple worth the most is Taylor Swift and Calvin Harris. More accurately said, the couple is the highest paid celebrity couple of the moment:
● The pair has brought in a total of $146 million in the last 12 months.
● Aside from their “day jobs”, the money comes from endorsement contracts.
Should the couple decide to tie the knot, it will be crucial to protect this massive fortune. Each party will want to take steps to make sure what they bring into the relationship remains their separate property. Keeping property separate from what is considered marital property ensures it remains yours if the marriage ends. To accomplish this goal, you can enter into a prenuptial agreement, or take steps to have your money and others assets managed in such a way that they do not lose their character as your separate property. Some popular ways to accomplish this goal is to maintain separate banking accounts, separate financial advisors, and to earmark the source of any funds that do become part of a joint account. While you may not earn close to $150 million in a year’s time, your assets and financial holdings are just as important to you as a celebrity’s are to them. We can help you develop a plan that protects your assets, and gives you the peace of mind that you will be financially stable should your relationship dissolve.
For more information about how to protect assets in the event of divorce, contact our office. Let us put our experience to work for you. Call The Sampair Group in Phoenix and the West Valley today to schedule your appointment.