A Prenup Contract Can Protect Income and Assets

Professional athletes know the importance of contracts. In the NBA, MLB, NFL, NASL, NHL and other professional sports organizations, negotiating and signing contacts with sports teams gets a great deal of attention. Sponsorship contracts and agent contracts get attention, too.

Often, however, a professional athlete may not realize the importance of a premarital contract.

In California, marriage is a binding legal and financial commitment. Without a prenup, that commitment will be subject to California law. A divorcing spouse has the right to community property. Attorneys at Stolar & Associates have represented athletes and their intended spouses.

Even a Short-Term Marriage Can Be Costly.

For a successful professional player for the Lakers, Raiders, Athletics, Padres, Dodgers, Angels, Chargers, 49ers, Warriors, Clippers, Kings, Ducks, Sharks or any other team, California community property laws can mean paying millions of dollars to a divorcing spouse.

• While most people go into marriage expecting it to last, the reality is that the pressures athletes and their spouses face often end a marriage early.
• A prenuptial agreement can protect assets and protect the futures of both parties.
• Prenups can establish expectations, rights and obligations.
• As with any contract, a premarital agreement can start an important, healthy discussion about finances and responsibilities.
• Prior to marriage, a contract can define separate property and community property.

Call an Experienced Prenuptial Agreement Lawyer.

If you are an athlete planning to get married or if you are the intended spouse of an athlete, you need an attorney experienced with prenups involving professional athletes. At the Stolar firm, we have the knowledge and experience to draft or review a contract that protects your interests. Call 310.288.1828 or send us an e-mail.