A Marriage Between Postnuptial Agreements and Hedge Funds
Posted by Ryan Gager on 31 May 2007 | Tagged as: Estate Planning
A recent article in the Financial Times reports that over the last few years there has been an increase in the use of postnuptial agreements to protect assets and plan for the orderly distribution of property in the case of divorce. Interestingly, the article focuses on a growing trend among hedge funds where partners are required to sign these agreements to protect the fund from claims by ex-spouses.
Although the article questions the validity of postnuptial agreements in various jurisdictions around the United States, these agreements have long been accepted in Pennsylvania. They are generally subject to the same requirements as any other contract, but do require a full and fair disclosure of the parties’ financial positions in order to be enforceable. To read the article, click here.