The client’s name is Taylor. She seems nice. Her fiancé is Travis.
I’ve done a conflicts check. No issues.
Taylor says she’s worth about $2 billion. Personally, a lot of my clients exaggerate. She says that she earns her income from touring, earning about $800 million/yr and her song catalogue is worth $600 million. Although I haven’t seen her business valuation yet, I’m going to refer her to one of my go-to CBV’s, either Vivian Alterman, Paul Mandel or Matthew Krofchick. I’m sure they will set her straight. She also says she has some real estate – worth about $110 million. She was surprised when I told her the price probably went down since she bought it. Anyway, we usually use Jim Parthenis who will sort this out, because I don’t want the Prenup to be set aside for insufficient financial disclosure. Strangely, in passing, she mentioned that she also has a private jet worth $23 million. There’s no way. Anyway, I told her to get me the Bluebook value for her 13.1.
Before I started drafting her Prenup, I wanted to know a little bit about her fiancé’s finances. Poor guy, he is small potatoes compared to her. She says Travis only makes $111 million/yr and his net worth is a paltry 4% of hers – at $70 million. Unlike his future wife, who travels in a jet, he drives a car – a $400,000 Rolls-Royce Phantom. Talk about marrying down.
IMO Travis is lucky to be marrying my client and so I’m pretty sure he’ll sign anything. I gave her a list of 5 lawyers that she could pass to him for ILA.
Anyhow, if anybody has either a really good precedent or some good clauses for a Prenup, please let me know.
I’ve got to get this done pronto because they’re getting married fairly soon and they’re putting a lot of pressure on me to get it done before the wedding – which is at some little venue called Madison Square Gardens.
Steve Benmor, B.Sc., LL.B., LL.M. (Family Law), C.S., Cert.F.Med., C.Arb., FDRP PC, Acc.D.C., is a full-time Divorce Mediator/Arbitrator and principal lawyer of Benmor Family Law Group, a boutique matrimonial law firm in downtown Toronto. He is a Certified Specialist in Family Law, a Certified Specialist in Parenting Coordination and was admitted as a Fellow to the prestigious International Academy of Family Lawyers. Steve is regularly retained as a Divorce Mediator/Arbitrator and Parenting Coordinator. Steve uses his 30 years of in-depth knowledge of family law, court-room experience and expert problem-solving skills in Divorce Mediation/Arbitration to help spouses reach fair, fast and cooperative divorce settlements without the financial losses, emotional costs and lengthy delays from divorce court.
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