Rupert Murdoch the wealthy high-profile media mogul is finding out not everything can be contracted. Mr. Murdoch recently filed for divorce against his third wife of 14 years. The couple secured most assets through one prenuptial agreement and two postnuptial agreements, but they still may have lengthy legal battles in their future.
In states like Pennsylvania, a Prenuptial Agreement can resolve many issues including who will be responsible for debt, how business interests will be divided, and terms of alimony. However, child custody is not permitted to be agreed upon in a Prenuptial Agreement, and child support is for the care of the child, not the spouse.
Although Prenuptial Agreements may take care of many concerns, if there are children involved, your legal future may be unknown.