Micheal Jordan to Wed again with Stipulations

 Posted on March 27, 2013 in Prenuptial & Postnuptial Agreements

According to a report by News One, NBA icon Michael Jordan is ready to tie the knot again. He recently sent out wedding invitations for his April 27th wedding to fiancée Yvette Prieto. The invitation came with stipulations and so does the marriage itself. Guests who received the invitations also received a card that asked that they do not speak with any member of the media and that they do not divulge details of the ceremony to anyone. They are also asked to leave their cameras and phones at home because they do not want any photos taken or info sent out over social media outlets. In 2006, Michael divorced his then wife Juanita Vanoy Jordan who walked away with a $168 million settlement, the house and the kids. He apparently has asked that his new wife to be to sign a prenuptial agreement that protect him from losing his shirt in case the marriage to his 33 year old girlfriend doesn’t work out. The prenup states that they will both retain any assets that they bring into the marriage. It also states that in the event of a divorce, Prieto will walk away with a generous $1 million for every year she spends in the marriage. In addition, if the marriage lasts over 10 years, she will be given an even more generous $5 million settlement for every year of marriage to Jordan. Sources state that Prieto was reported as saying that she feels very good about her relationship with Jordan. They have reportedly been together since 2009. If you are contemplating marriage and are bringing a large amount of assets into the marriage, the smart thing to do is to have a qualified Illinois divorce attorney assist you in drafting a prenuptial agreement that will protect your finances in the case of a divorce.