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Kiplinger
Kiplinger
Business
John M. Goralka

Lessons to Be Learned from Kevin Costner’s Premarital Agreement

Christine Baumgartner and Kevin Costner at awards show.

Premarital agreements are used for at least three different reasons, only one of which is actually related to divorce. First, a well-drafted premarital agreement can be used prior to marriage to define the character of property or assets (separate or community property states) and the allocation distribution of assets and income in the event of divorce.

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