Jeff Bezos

Marilyn Chinitz noted that Bezos and Sanchez had previously been married and divorced. Bezos had no famous people during that marriage. His ex-wife, writer and philanthropist Mackenzie Scott, received billions of Amazon stock. Sanchez is also building a relationship with huge wealth, albeit at a different scale (the dominance of her and her ex-husband Patrick Whitesell reportedly determined their asset split when they divorced in 2019).

Representatives of Bezos and Sanchez did not immediately respond to a request for comment on whether the couple had booked, but Chinitz, who does not represent either party, said the two may have teams of attorneys and other professionals – hiring attorneys, cross-border tax attorneys, cross-border tax attorneys, cross-border tax attorneys, business attorneys, business attorneys, leading accountants, wealth consultants, public relations, public relations in lieu of the month’s consent form, or in the year or longer or a certain consent form or longer or longer or longer.

Such a broad process will reflect the incredible complexity of the couple’s financial situation. As far as Bezos is concerned, Amazon shares had great value during his marriage to Scott, a major source of wealth that Scott was considered to have played an important role in creating. Chinitz said she might stand out from the marriage even if there is a wedding because it is marital property. In the second marriage, Bezos will enter investments in companies that already own billions of dollars, multiple homes, yachts and other assets. Meanwhile, Bezos and Sanchez both have children from previous relationships.

Chinitz noted that according to the documents she drafted for other Uber Whealthy couples, any Bezos-Sanchez Prenup is likely to contain many non-financial regulations, as well as regulations for allocating money and property. These may include non-public agreements and non-separation clauses related to media activities, confidential business information, scope of PRENUP negotiations, and more.

“Given that Jeff is one of the richest people in the world… privacy issues, confidentiality management is also a major consideration,” said Paul Karger, CEO of the multifamily office and private investment firm Twinfocus. “There should be a clear understanding of the use and abuse of media and social media, the storage and retention of documents, and restrictions on public interviews.”

Lauren cranea partner of Bender & Crane, New York-based and a prenuptial agreement specialist who does not participate in Bezos or Sanchez.

prenups are not secret time

Not every prospective spouse appears completely when it comes to assets brought in marriage “Secret” Trust and LLC Hide their money. However, Chinitz said that this is unlikely for Bezos’ level of wealth. He and his team may disclose all his assets, businesses, property, etc. like Sanchez did to ensure an agreement was reached in the event of a possible divorce.

“You never want to be a spouse and become a litigant’s position, in which the other party is revoking the agreement to withhold information and not revealing your assets,” Chinitz said.

For Uber Whealthy’s case, doing so will enable both teams of professionals, including the “lawyer level”, accountants and tax professionals, to decipher the ins and Outs of the assets of each party. Understanding and transparency are key to ensuring that the resulting Prenup files are published in court when separated. Crane said Sanchez might be very familiar with this because she has her own money and has been divorced before. It gives her an advantage, for example, a man in his twenties married a rich man and didn’t know what they were doing.

“She may not be as much as him, but she still has money,” Crane said. “If they divorce, she wouldn’t be able to be released on the street.”

Super wealthy training also often includes a rule that competition is discouraged in divorce. In fact, doing so may mean that the litigant has gained nothing.

“If the litigant decides to put the agreement on hold when the divorce is to be hung and claims coercion and coercion, then you can be punished in the agreement,” Chinitz said. “There must be real consequences to try to put aside and invalidate a fully negotiated agreement.”

A fair and reasonable agreement

Although Bezos’s already accumulated wealth will be regarded as independent property with Sanchez, Chinitz said the agreement must be “fair and reasonable.” In other words, if they were to divorce, then partners were less assets than poverty.

“The court considered financial disclosures to ensure that the agreement was fair, reasonable, not a result of fraud and that the terms were not unreasonable,” she said.

Both draft the title-based agreement: whatever belongs to him currently belongs to him under the name of Bezos, anything belongs to her, and marriage assets belong to both names. Chinic called it the “cleanest” agreement couples can have.

That is, it is also common for the rich to make property settlement agreements. These call on less-wealthy spouses to agree to waive future claims in exchange for a fixed amount of funds. Typically, these designated amounts for several years or year after marriage are negotiated in the form of a one-time payment. It would be any support she would receive and any support for assets in their two names (such as houses), although Crane said it was typical, while both spouses had wealthy spouse support and a maintenance fee.

The relevant component of many prenuptial agreements is the sunset clause, which basically means that certain clauses or entire contracts expire after a specified time (e.g., 10 years) or milestones (e.g., the birth of a child). For example, PRENUP may provide that if a couple is married for 15 years, the agreement “will disappear” or may be dissolved when they reach a certain age. Chinitz said she did not want Bezos-Sanchez’s contract to be included in the 1950s and 60s and already had children.

In the case of divorce, she said, Sanchez “will probably take a lot of money away, but not as much as what his first wife, Mackenzie, got.” “Mackenzie helped create these assets. His wealth existed long before he met or married Lauren Sanchez.”

portability

Bezos and Sanchez call South Florida (a Recent developments), they have multiple homes in different jurisdictions including Beverly Hills, Hawaii and New York, and often travel on Superyacht Koru. Therefore, Prenup is portable, Chinitz said. Attorneys will ensure that no matter where they may live or divorce one day, the court there will be governed by the laws of the place where they signed the contract.

“If for some reason they decide to move to Switzerland or France, then they will keep the local lawyers there and they will be the same agreement they entered before they got married,” she said.

In addition, Prenup will have regulations on heritage construction, gifts, charity, etc.

“Jeff should have his team of lawyers review all commercial, commercial and currency transactions to ensure everything is consistent with his prenuptial agreement terms and conditions as well as charity and multigenerational activities,” Karger said.

Until death

All the words, Prenups also decide what will happen if one of the partners dies and the couple is still happy to marry. In this case, Chinitz is expected to have a complex series of trusts and other assets passed to Bezos’ children as well as Sanchez.

“If he dies, he will likely build a very substantial trust for Lauren, and assuming they are a complete marriage, the trust will allocate a lot of money to her every year to cover all the expenses,” she said. “But when she dies, I think the beneficiaries might go to the foundation or his children.”

Surviving spouses will also receive their marital assets, including housing, investment, etc. Chinitz said additional funds could also be provided to surviving spouses and held in trust funds and jointly to provide liquidity immediately.

Additionally, there may be such a surviving spouse who can stay at home (assuming it is only held in the name of the dead spouse) until he or she dies, and then pass it on to their children or other beneficiaries.

“He is a very generous person,” she said. “It’s a mixed family of seven children, and I’m sure he will provide her children too. He has no legal obligations because he is not a father, but I’m sure he will prepare for her children too if it’s a happy marriage.”