Miley Cyrus Reaches Divorce Settlement With Liam Hemsworth
Miley Cyrus recently announced that she and her ex-husband, Liam Hemsworth, have reached a divorce settlement. Cyrus announced plans to divorce her then-husband in August and Hemsworth filed divorce papers shortly thereafter. Now, Cyrus has announced that a divorce settlement has been reached and expressed relief that the divorce is no longer hanging over her head.
According to a person speaking on Cyrus’ behalf, the divorce went smoothly in no small part due to the fact that the couple had a prenuptial agreement in place.
What Were the Terms of the Couple’s Prenuptial Agreement?
It isn’t unusual for celebrities who marry other celebrities to have a prenuptial agreement in place prior to tying the knot. It’s not all that unusual for high-asset couples to have a prenup in place either. In the case of Miley Cyrus and Liam Hemsworth, the couple had an ironclad prenuptial agreement in place that allowed both parties to retain their personal earnings. The couple is believed to be worth a combined $400 million. The couple also has several real estate holdings and other properties between them.
Both sides agreed that neither party should get any spousal support after the marriage. Since the couple had no children together, the divorce was relatively quiet when compared to other celebrity divorces we’ve heard about in recent years.
While the exact terms of the divorce and the settlement reached is not available to the public, we can speculate on what their prenuptial agreement looked like.
In most divorces, any property accrued during the marriage is considered part of the marital estate. It’s the marital estate that gets dissolved and divided equitably when a divorce occurs. However, what happens if there is no marital estate and the two individual spouses simply retain what property is theirs? That would look something like the divorce settlement in the case of Miley Cyrus and Liam Hemsworth. In other words, if one spouse bought something during the marriage with money they had earned from their work, that property would simply be theirs as opposed to a part of the marital estate. Such prenuptial agreements can be arranged, but enforcing them is a different story.
Even in Cyrus’ and Hemsworth’s marriage, a judge will need to analyze the prenuptial agreement to ensure that it doesn’t leave one or the other spouse in the lurch. A prenuptial agreement that unfairly disadvantages one spouse over the other will not be enforced by the court. But in this case, both parties were famous actors and had millions of dollars to their name, so the court recognized that neither party would be disadvantaged by enforcing the prenuptial agreement.
Talk to a West Palm Beach Divorce Attorney
If you’re contemplating divorce (or marriage) the West Palm Beach family attorneys at Bruce S. Rosenwater & Associates can help you through either process. We can help you draft prenuptial agreements to protect your interests and advocate on your behalf throughout the divorce process. Call us or talk to us online today for more information.