Growth of Assets During Marriage Does Not Void Prenuptial Agreement
The fact that a divorcing husband's separate assets grew significantly over the many years of his marriage was not an unforeseeable change in circumstances justifying voiding the parties' premarital agreement, in which both spouses waived any interest in property obtained by the other during the marriage, the Michigan Court of Appeals held Feb. 8th in Reed v. Reed, Mich. Ct. App., No. 248895, 2/8/05).
The court also ruled that the benefit accruing to one party from the disparate growth of his or her assets is not a changed circumstance rendering such an agreement unenforceable. To read the full opinion, click here.
