Famous musician and song-writer, Phil Collins, gave an interview to the UK Mirror about his past and present romances.  With three ex-wives, Collins has paid out over £42 million in alimony.  In the U.S., this would translate to approximately $66.5 million in settlement payments.  Collins is currently dating news anchor Dana Tyler, whom he met in 2006 while she was interviewing him about a Tarzan stage show that was set to play on Broadway.  While Collins had a lot of nice things to say about Tyler, he made it clear that he believes he is better off not remarrying.  For more information please see the full article.

If you have been bitten by alimony payments, before choosing to remarry, it would be a good idea to make sure you have a solid prenuptial agreement in place.  A prenuptial agreement is a contract between the two prospective spouses.  It can address a wide variety of issues including property rights and obligations during marriage and upon divorce.  A prenup might be right for you if prior to your marriage you own real estate, own more than $50,000 of assets aside from real estate, have ownership rights in a business, or earn a salary of more than $100,000 per year.

If a prenup sounds like a good idea, it is wise to consult a qualified family law attorney for advice.  However, before seeing an attorney, it is recommended that you and your fiancée discuss the essential terms of the agreement.  This way, your lawyer will have a better understanding of your needs and concerns.

For more information about prenuptial agreements, please contact the family law attorneys at Lonich Patton Erlich Policastri.  Please remember that each individual situation is unique and results discussed in this post are not a guarantee of future results.  While this post may include legal issues, it is not legal advice.  Use of this site does not create an attorney-client relationship.

Sources:

Nolo