There are many married couples in Fort Worth, Texas, and Tarrant, Texas, and many of those couples have prenuptial agreements. Those are supposed to be binding in the event of a divorce, and often are, but are sometimes challenged by the person who will be getting less than he or she wants to get in the divorce. That is happening with a billionaire and his wife.
The two have been married for at least 10 years. They signed a prenuptial agreement before they got married. However, the wife has now decided that she dislikes the prenuptial agreement that she signed and is challenging it. The agreement, she says, gives her only about 1 percent of the fortune that her husband earned through his work. Of course her husband, the founder of Citadel, is worth $5 billion, so 10 percent is in absolute terms more money than most people will ever have.
Still, she is challenging the agreement on two grounds. The first is a claim of having signed the agreement under duress and coercion, based on alleged undue influence by a psychologist with whom she was in communication at that time. That psychologist, she says, had a previous relationship with the billionaire. She also references the time of the signing of the agreement, saying that it was given to her shortly before the date of the wedding and that she waited to sign it until a few hours before the wedding rehearsal dinner.
The second claim that she is making is that the agreement is allegedly unconscionable. In making this claim, she points to the disparity between her earning capacity and income and those of her husband. Of course, the entire point of prenuptial contracts is to protect the fortune of one party from the other party in the event of a divorce because of disparity in wealth between them. Her husband, disputing each claim that the wife is making, says that she is attempting to use their children to get more money from him.
Source: CNBC, "How safe is a prenup? Breaking it up can be hard to do, lawyers say," Robert Frank, accessed Dec. 28, 2017