Kline Legal Group P.L.C.

Jolie - Pitt split raises questions of asset division

Many people in Michigan may have heard that Angelina Jolie filed for divorce from Brad Pitt. The pair, who have been together since 2004, married in 2014. Since 2004, they have earned a combined $555 million with a majority earned by Pitt.

While it is unknown whether or not Pitt and Jolie have a prenuptial agreement, some experts believe that they do. According to media reports, both have been previously married, so they may probably have a good understanding of the importance of a prenuptial agreement.

Although the couple has been together for 12 years, only the income and assets that were acquired since the date of their marriage would be considered to be a part of their marital estate and subject to division; the income and assets each actor earned prior to the marriage would remain their separate property. A larger issue for the couple appears to be the custody of their children. Jolie has asked for sole custody, and if Pitt does not agree to that, the issue is likely to be litigated or settled through negotiation.

A high-asset divorce is likely to have numerous complex issues regarding how the property will be divided. When couples have prenuptial agreements in place, the process may be smoother. However, it is still possible to challenge a prenuptial agreement if it is a legally invalid document. A family law attorney may help with determining how the assets should be divided in a way that protects his or her client's financial interests and future ability to retire comfortably. A lawyer might try to negotiate a settlement outside of court so a client can move forward.

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