Ben Affleck and Jennifer Garner have announced their divorce in a joint statement the day after their tenth wedding anniversary.
The Hollywood A-listers who married in 2005 have three children and according to many media outlets are worth over $150 million. However, according to numerous sources, although Affleck will live on the same property as his former wife to take care of the children, the couple have no prenuptial agreement in place.
Reports indicate that the couple will liaise with business managers and use a mediator when negotiating the terms of their divorce. The negotiation could be drawn out due to the high number of properties owned by the couple, the success of both individuals and other factors such as syndication income. Despite the potential negotiation, the couple will share custody of their children.
Family Law News
Brits are showing caution with their finances when they decide to move in with a new partner, research from online bank first direct reveals. The findings show that for the majority, financial commitment is not on the agenda with couples keeping their distance in their money and property arrangements.
Recent research has shown that over a third of parents are reluctant to leave an inheritance to their married children because they don't want their child's spouse to benefit from the gift in the event that the couple divorce.
Should a couple be able to make a firm agreement – before they get married or enter a civil partnership – about what should happen to their property if their relationship ends? Or should the law remain as it stands, that the courts can decide if their agreement is enforceable?