There are millions of people in Maryland and around the world who are customers of Amazon, the online retail giant. Jeff Bezos, the CEO and founder of the company, has an estimated fortune of $137 billion. Unfortunately, Bezos’ 25-year marriage has ended and he is in the middle of a high asset divorce, complicated further by the absence of a prenuptial agreement.
According to earlier reports, Amazon was founded during his marriage to his estranged wife, MacKenzie. He had discussed the startup company with her and consulted with her about various ideas regarding its operations. Since the company came into existence during the course of the couple’s marriage, it is considered marital property and would be divided in divorce proceedings. It is, however, unclear if the couple had a postnuptial or other type of marital agreement in place. Experts have weighed in on how to avoid a similar predicament.
Certainly, matrimonial lawyers recommend that a couple get a prenup before they get married that addresses the issue of asset ownership. This would protect anything the individuals bring to the relationship before the wedding. If a prenup was not developed, it would be wise to seek a postnuptial agreement. The agreement could deal with how a business developed during the marriage could be divided should a divorce occur. Intellectual property assets, such as a software, patents or copyrights, should also be considered in these agreements.
While the majority of Maryland couples are not dealing with a high asset divorce, the same issues of property division are still paramount. An experienced divorce attorney can help someone navigate the complexities of the legal process. A knowledgeable lawyer will help clients achieve the best possible outcome in their divorce proceedings.