Family & Relationships A guide to prenups - and what happens when super rich couples don't have one
The prettiest credit cards, ranked
Editor’s note: This post has been updated with new information. There’s no question that credit card rewards are constantly evolving and becoming more valuable than ever before. However, it’s not just unique perks such as dining credits, Uber credits and automatic elite status that set cards apart. It’s also how they physically look. Following Chase’s highly successful launch …There’s no question that credit card rewards are constantly evolving and becoming more valuable than ever before. However, it’s not just unique perks such as dining credits, Uber credits and automatic elite status that set cards apart. It’s also how they physically look.
- Bill and Melinda Gates reportedly did not sign a prenup, but did sign a "separation agreement."
- A prenup protects individuals' assets they enter the marriage with, and gain over the course of it.
- While all income levels can benefit from one, the richest have more to lose if they forgo a prenup.
Bill and Melinda Gates, reported Monday, or a that stipulates how assets - from homes to businesses - are to be divided in the event of a divorce or death.
Iceland is open to Americans: Here’s how to get there on points and miles
Starting March 18, 2021, Iceland is finally welcoming American tourists who have been vaccinated against COVID-19. Iceland became a popular destination over the last few years, thanks to a big tourism push, incredible scenery and cheap fares. All of that came to a screeching halt last year when the pandemic forced Iceland to close its …While Americans will be able to travel to Iceland, they need to furnish proof of vaccination. TPG’s Zach Honig was able to confirm that a vaccine certificate from the Center for Disease Control and Prevention (CDC) will suffice. You may still be waiting to get vaccinated, but in the meantime, we can help you plan your trip to Iceland using points and miles.
The philanthropic power coupleafter 27 years of marriage.
While people of all incomes levels can benefit from a prenup - for instance,to protect themselves from taking on their partner's student debt - the richest stand to lose a lot more should they forgo one.
And the Gateses are the richest of the rich: Microsoft cofounder Bill Gates is worth an estimated $146 billion, according toand the couple's foundation
A prenup can cover 'comingled' assets that add up over the course of a marriage
Signing a prenup first involves spouses-to-be to put all their cards on the table, revealing how much money they have and property they own, according to. Then, they set their own terms for how to divide it in the event of divorce or death, rather than leave it up to the state.
3 reasons I want to splurge on this aspirational hotel redemption — and 4 reasons I may pass
From the Waldorf Astoria Maldives Ithaafushi to the Park Hyatt Sydney, you can use hotel points to unlock many excellent hotels. One of the aspirational hotels high-up on many award travelers’ lists is Marriott’s Al Maha, a Luxury Collection Desert Resort & Spa outside of Dubai. TPG contributor Ethan Steinberg went so far as to …TPG contributor Ethan Steinberg went so far as to say Al Maha Resort is the best value Marriott award redemption. TPG’s Ariana Arghandewal listed an upcoming trip to Al Maha as one of the reasons she finally caved and got the Marriott Bonvoy Brilliant Amex card.
The pair can also use a prenup to agree upon how they'll share (or not) finances during the marriage.
A prenup can also address the wealth a couple stands to gain over the course of their marriage., a divorce lawyer in Florida, these "comingled" assets are complicated, and common.
"with just one person's money is commingling. Starting a business together using one person's capital is commingling. Moving money around more than a few times can even qualify as commingling," he said. "The longer you've been married, the more you are likely to commingle your assets [and have] non-marital assets turn into marital and, thus, divisible assets."
Bill and Melinda Gates do have a 'separation contract,' TMZ reported
A separation contract is a private legal document signed by a couple when they want to live apart. It lists their rights and obligations, such as child support and custody, and doesn't involve the court,.
The best credit cards that offer trip cancellation and interruption insurance
Editor’s note: This is a recurring post, regularly updated with new information. No one expects their trip to be canceled or interrupted. But, things happen. Perhaps a family member is suddenly hospitalized. Or, maybe an emergency makes your home uninhabitable and you have to oversee repairs. You might even be the one that’s injured or hospitalized. …No one expects their trip to be canceled or interrupted. But, things happen. Perhaps a family member is suddenly hospitalized. Or, maybe an emergency makes your home uninhabitable and you have to oversee repairs. You might even be the one that’s injured or hospitalized.
The Gateses' separation contract reportedly stipulates how their physical property, personal property, and debts will be split. Melinda Gates did not ask for spousal support.
It's unclear how having a prenup instead would have changed their division of property, although a prenup (or postnup, an alternative that couples sign after marriage) is necessary to keep state laws out of the equation.
Washington state, where the Gateses filed for divorce, is a "community property" state where all money earned and property bought during the marriage is considered equally owned by husband and wife, according to
The wealthiest stand more to lose
If one member of a couple comes into the marriage exceptionally rich, or becomes wealthy during it, they have more to lose without the protection of a prenup.
Take Amazon Billionaire CEO Jeff Bezos, who divorced in 2019 andwith his wife MacKenzie Scott. , making .
The cheapest ways to get to Croatia using points and miles .
Croatia is one of the only European nations currently open to American tourists and it’s truly a sight to behold. From the beaches of Dubrovnik and Split to the historic city streets of Zagreb, there’s truly something for everyone in this European country. Currently, Americans can travel to Croatia without quarantine so long as they’re vaccinated …From the beaches of Dubrovnik and Split to the historic city streets of Zagreb, there’s truly something for everyone in this European country. Currently, Americans can travel to Croatia without quarantine so long as they’re vaccinated and bring their CDC-issued vaccine card.