Teenage dream over for Katy Perry and Russell Brand

| Jan 5, 2012 | High-Asset Divorce |

Twenty million dollars. That is how much Russell Brand is set to receive in his high-asset divorce from pop princess Katy Perry, according to recent reports. Brand, 36, apparently filed for divorce on Dec. 30 after 14 months of marriage.

Ohio residents may find this celebrity split particularly interesting because, according to Brand, the pair did not sign a prenuptial agreement before their wedding in October 2010. While he is supposedly worth approximately $15 million, Perry’s net worth is at least $44 million, according to Forbes magazine.

The celebrity couple is divorcing in California. Unlike Ohio, California is a community property state, meaning that all marital property is split equally between divorcing parties — unless, of course, a prenuptial agreement was drafted. Because there was supposedly no prenup, Brand could more than double his net worth in the marriage dissolution.

While reports from celebrity news sources said the couple disagreed over Perry’s circle of friends and reported partying, Brand was quoted saying that the two will continue to be friends.

Celebrity divorces may seem disconnected from real life, but that is not necessarily true. Celebrities have to go through the same dissolution process as any other couple. What Ohio couples may want to take away from this divorce is that a prenup can make all the difference for individuals who have substantial assets.

Of course, no one who is planning to get married wants to think about a divorce. However, it is no secret that some marriages do not last a lifetime. Ohio residents who are getting married may want to consider a prenuptial agreement. It could go a long way toward protecting assets should a divorce become necessary.

Source: ABC News, “Russell Brand Might Get $20 Million in Divorce From Katy Perry,” Katie Kindelan, Jan. 2, 2012

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