Billionaire Amazon Founder Effef Bezos and former journalist Lauren Sanchez this weekend have an extravagant multi -f. More than a few protesters. The event is the culmination of months -long production by wedding planners and, most likely, teams of lawyers combining the couple’s complex finances to create an iron prevention agreement.
Both Bezos and Sanchez have been married and divorced earlier, notes Marilyn Kinitz, a marriage lawyer for several billionaires and celebrities such as Tom Cruise and Michael Douglas. And Bezos has no prevention during the first marriage; Mackenzie Scott, his ex -wife and author and philanthropist, received actions by Amazon worth tens of billions in the divorce. Also, Sanchez enters the relationship with considerable wealth, though on a different scale (she and ex -husband Patrick Whitelsel reportedly had a transitional that dictated the division of their funds when they divorced in 2019).
Representatives of Bezos and Sanchez did not immediately respond to the request to comment on whether the couple had overrun, but a prospect, which is not a single party, says the pair probably had teams of lawyers and other land-handed professionals, cross-border tax lawyers, business lawyers, business lawyers, public lawyers, public lawyers, forensic lawsuits. contracts for the year or longer.
Such a wide process will reflect the incredible complexity of the couple’s finances. In the case of Bezos, Amazon’s actions, which were the primary source of his wealth, received significant value during his marriage to Scott, who is thought to have played a major role in creating that wealth. Even with premature, she is likely to get out of marriage by significant means as she was marital property, says Stitz. For his second marriage, Bezos will enter it already owns billions of dollars, investments in dozens of companies, more homes, yachts and other assets. Meanwhile, both Bezos and Sanchez have children from previous relationships.
The staff notes that, based on documents, she has prepared them for other wealthy couples, every prerequisite of Bezos-sanchez is likely to contain many non-financial provisions to go along with those who distribute money and property. These may include non-publishing contracts and non-dispersion clauses related to media activity, confidential business information, volume of transmission negotiations, and so on.
“Since EFFEF is one of the richest people in the world … Privacy issues and confidentiality management are also key considerations,” said Paul Cardger, CEO of the Multifamilia Office and a private investment firm Twinfocus. “There should be a clear understanding of the use and abuse of media and social media, storing and retaining documentation, (s) restriction of public interviews.”
At the end of the day, both Bezos and Sanchez probably see this not only as a wedding but also a “business transaction”, says Lauren Crane, a partner at Benderujork Bender and Crane and a prerequisite agreement expert who was not included in Bezos or Sanchez.
Prenups: not time for secrets
Not every spouse-to be totally upcoming when it comes to the means they carry to marriage, and in the case of ultravers, some even use them The “secret” confidence and DOO to hide their money. However, Stoitz says it is unlikely for any of Bezos’s wealth. He and his team are likely to reveal all his assets, business activities, properties, etc., as well as Sanchez, to ensure that the deal will be held in the event of a possible divorce.
“You never want to be in a position as a spouse turned into a lawsuit where the other party moves to set aside the contract based on what you retained the information and that you did not discover your funds,” says Kinnitz.
In the case of über-Wealthy, making this is a team of both sides professionals, including “layers of lawyers”, accountants and taxes to decipher the outbursts of each party’s assets. Understanding and transparency are crucial to ensure that the Prenup document is held in court in case of separation. Crane says Sanchez is probably very familiar with this, as he has his own money and has been divorced before. It puts it in the advantage, say, the twenties who marry someone with money and has no idea what they are doing.
“Maybe there is no as much as him, but there is money,” Crane says. “There is no chance of quarreling on the street if they divorce.”
Also, usually included in the transmission of ultravity is a provision to discourage them in the event of a divorce. In fact, it can mean that the litigation ends with nothing.
“If the litigation decides they want to set aside the deal when there is a divorce and they claim that there was a coercion and coercion, you can have many punished provisions in the agreement,” Kinitz said. “There must be a real consequence of trying to stand out and annul the deal that was completely negotiated.”
Fair and reasonable agreement
While Bezos has already collected will be considered a separate property from Sanchez, Kinitz says the deal should be “fair and reasonable”. In other words, if they divorced, the partner who enters by less funds would not remain miserable.
“The courts are considering financial discovery, also to make sure that the deal is fair, reasonable, not the result of fraud and that the conditions are not indecisive,” she says.
It would be typical for the two to conclude a title -based contract: whatever in the name of Bezos, it belongs, something in the name of Sanchez belongs to it, and the marriage is in both names. Stoitz calls this the “purest” deal they may have.
That, he said, is also common for the rich to craft property settlement contracts. These are calling for a less rich spouse to agree to abandon future claims against funds in exchange for a fixed amount of money. Usually, these are in the form of a lump -sum payment after a certain number of years of marriage or a certain amount of money for each year of marriage. This will be in favor of any support she would have, as well as the funds in both of their names (like homes), although Crane says it is typical when both spouses are rich to give up support and alimony.
A connected component of many prevention contracts is a sunset clause, which basically means that certain clauses or whole contracts expire after a certain time, say 10 years or when a milestone is reached, such as the birth of a child. For example, prevention may predict that if the couple is married for 15 years the contract “will disappear”, or may be dissolved when they reach a certain age. Stoitz says he does not expect the Bezos-Sanchez agreement to include it, such as in the fifties and sixties and already have children.
In the case of divorce, Sanchez “is likely to leave with a significant amount of money, but nowhere close to what his first wife McKenzie got,” she says. “McKenzie helped create those funds. His wealth existed long before he met or marry Lauren Sanchez.”
Portability
While Bezos and Sanchez appear in southern Florida at home (a Recent development), they have more homes in various jurisdictions, including Beverly Hills, Hawaii and Newoufor, and often travel to Superria Peel. As such, it is important for the overhaul to be portable, says Stitz. Lawyers will ensure that no matter where they could live one day or eventual divorce, the courts there will be driven by the law at the place where they signed the contract.
“If, for some reason, they decide to move to Switzerland or France, then they will retain the local councilor there, who will conclude an identical contract, the image of the mirror, with the one they entered before they got married,” she says.
In addition, prevention would have provisions for inheritance building, gifts, philanthropy and so on.
“EFFEF needs to consider his team of lawyers, all commercial, business and monetary transactions to move forward to make sure that everything is in line with his terms and conditions for a prerequisite agreement, as well as philanthropic and multigenerational activities,” says Carger.
‘To death
All this said, the transgression also dictates what will happen if one of the partners dies while the couple is still happy. In this case, Famitz expects a complex series of confidence and other means that transmit to Bezos’s children as well as Sanchez.
“It is likely that in the event of his death, he is likely to set a lot of significant confidence for Lauren, assuming they are in untouched marriage, and that confidence will distribute a significant amount of money annually to cover all its costs,” she says. “But when he dies, users will probably imagine, or (would be) foundation or … his children.”
The surviving spouse will also get their marital assets, including homes, investments and the like. Additional funds can also be provided to the surviving spouse, moreover what was in confidence and held together, to provide liquidity immediately, says Kinitz.
In addition, there may be provisions on how the surviving spouse who remains in the home (assuming that was only held in the name of the dead spouse) until his or her death, at that moment, then conveys to their children or other user.
“He is known to be a very generous man,” she says. “It’s a mixed family of seven children, and I’m sure he will provide her children.
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