Owen v. Owen
Prenup invalid where wife did not have lawyer and it was disputed whether husband represented that his lawyer would represent both. Burden of persuasion was with party seeking to find agreement valid.
Prenup invalid where wife did not have lawyer and it was disputed whether husband represented that his lawyer would represent both. Burden of persuasion was with party seeking to find agreement valid.
Prenup not enforceable as (a) financial disclosure did not include reasonably forseeable future financial circumstances (b) wife did not understand agreement despite being represented by attorney and ( c) changes in circumstances due to husband’s early retirement, birth of their child and resultant disparity in assets would made application of the agreement unfair to wife.
Circuit court properly exercised its discretion when it determined that husband keeping property acquired after the marriage as non-divisible property did not comport with wife’s reasonable expectations and that the agreement was therefore inequitable and not binding upon divorce.
MPA was substantively unfair due to unforseen changes in circumstances including wife’s departure from work, contribution to child care and parties’ general lack of adherence to the agreement. (Not published, but citable)
MPA was substantively unfair due to unforseen changes in circumstances including wife’s departure from work, contribution to child care and parties’ general lack of adherence to the agreement. (Not published, but citable)
Trial court property determined that it would inequitable to enforce prenuptial agreement due to significantly change circumstances after the execution of the agreement. The parties combined their resources, including inheritances, savings and income. The marital agreement was ignored. They combined efforts and labors to the appreciation of property in a way that cannot be separately identified.
Van Boxtel rule applies to post-judgment stipulations.
Homestead protection can be waived in a prenuptial agreement.
An agreement entered into after the commencement of divorce proceedings is a stipulation under Wis. Stat. §767.10(1) and is subject to the approval of the court.
Postnuptial agreements are treated differently from agreements executed for the purpose of facilitating divorce. In this case, the agreement was made in contemplation of a divorce, it is a stipulation under §767.10(1), Stats. and not a postnuptial agreement.
Button only applies to agreements made before or during marriage which contemplate a continuation of the marriage relation. Agreement signed after divorce was filed was a divorce stipulation and is controlled by Ray v. Ray, 57 Wis. 2d 77 (1973).
Multiple issues. See full summary.
Co-parenting agreement void as against public policy.
Multiple issues. See full summary.
Marital agreement was intended to apply at divorce, even though it does not expressly so state. Levy distinguished.
(1) Test for change in circumstances is whether change is foreseeable. (2) If agreement is equitable, it controls regardless of other factors.
Enforcement of premarital agreement would be unfair where both parties ignored agreement during marriage and assets cannot be traced.
Stipulation regarding whether payments are maintenance or property division in lieu of maintenance is ambiguous. Remanded to court evidentiary hearing to determine intent of parties.
No disclosure vitiates marital agreement. Independent knowledge of assets in this case is insufficient to substitute for actual disclosure.
To be enforceable, marital agreements must have fair disclosure, be voluntarily entered into, and have fair substantive terms. The fairness of the agreement is assessed as of the time of the execution of the agreement and, if circumstances have significantly changed, the fairness is assessed again at the time of divorce.