Posted on behalf of Jeffrey N. Greenblatt of Joseph, Greenwald & Laake, PA
People in Maryland may remember Kordell Stewart, most notably as quarterback for the Pittsburgh Steelers. The NFL player — once given the nickname “Slash” for his ability to play multiple positions — may now be famous for his no-nonsense approach to filing for divorce from his wife, Porsha. Allegedly, Stewart filed for divorce without even telling his estranged wife of two years, who was shocked to learn of the divorce filing through media outlets.
Additionally, Stewart is claiming that Porsha has no right to any of his assets because of a prenuptial agreement the couple signed prior to their marriage. Stewart and his wife have been staples on the reality TV show “The Real Housewives of Atlanta,” and as a result the media attention given to the couple’s marital troubles has been widespread and sensational.
Stewart has amassed a good amount of wealth over his years as an NFL player, once signing a five-year contract worth $27 million in his heyday. Now his net worth is approximately $16 million, and he still has jobs as an analyst for ESPN and other media outlets. Depending on the terms of the prenuptial agreement, Porsha may not have a claim to any assets or marital property that was restricted by the prenup.
Prenuptial agreements can be a great tool for protecting substantial assets going into a marriage, and can provide stability while maintaining the flexibility needed for each person’s unique marital situation. They also has the advantage of greatly simplifying property division in the event of a divorce. Kordell Stewart and countless other celebrities and regular people alike have used a prenuptial agreement to their advantage, and they can and should be considered by anyone heading into marriage.
Source: Fox News “Kordell Stewart didn’t tell Porsha about divorce, media did, lawyer says,” March 28, 2013