A Prenuptial Agreement Simplifies A Complex Asset Division
It isn’t surprising that a man worth an estimated $9.4 billion dollars would have some sort of prenuptial agreement with his spouse. This is the case with Australian American media mogul Rupert Murdoch and his wife Wendi Deng. As the Chief Executive of News Corp, he has not only wealth, but influence and power to protect. He filed for divorce from Wendy and appears to have managed to avoid a complex asset division.
Murdoch’s representatives maintain that his divorce will have barely any impact on the business itself. The business was split into two different companies briefly after the divorce agreement was approved. Very little is actually known about why they decided to call it quits, but their children will certainly become beneficiaries of the family trust. However, they will have no vote in terms of their share of stock in News Corp. The vote for this large share will be granted to Rupert’s four oldest children.
The value of the couple’s prenuptial agreements is evident. It divided the property each owned before they were married and it contained provisions that governed splitting property once that couple got divorced. With a prenuptial agreement couples in Greater Houston can avoid having to go through a painstaking and often heated asset division, if they decide to get divorced. This allows all involved to move along swiftly and allows them to move on with their lives.