A Tale of Two Celebrity Marriages and One Prenuptial Agreement

John Goralka posted an interesting article on Kiplinger regarding the importance of prenuptial agreements, using two celebrity cases as examples. Goralka uses┬áJohnny Depp and Amber Heard as his first example. Their marriage lasted about 15 months and they did not sign a prenup. Heard is reported to receive a $7 million settlement, which she has… Continue reading A Tale of Two Celebrity Marriages and One Prenuptial Agreement

Bankruptcy Court Rules that Wyly’s Private Annuities are not Exempt under Texas Law

Jay Adkisson of Forbes wrote an interesting article a couple of days ago detailing the history of the Wyly brothers attempting to hide their assets from the IRS and creditors. Judge Houser ruled about a month ago that Sam Wyly and his brother’s estate owe the IRS $1.1 billion. Here’s a snippet of Adkisson’s article:… Continue reading Bankruptcy Court Rules that Wyly’s Private Annuities are not Exempt under Texas Law