October 24, 2014

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October 24, 2014

October 23, 2014

October 22, 2014

A Millionaire’s Wife Gets a Prenup Thrown Out

It is common knowledge among Family Law attorneys that the method or methods to invalidate a prenuptial agreement are to show that there was coercion or duress,  or the prenuptial agreement is unreasonable, which then turns the analysis of whether there was full and fair financial disclosure. However, in a recent and unprecedented case arising out of a New York appellate court, a prenuptial agreement was overturned based upon a claim for fraud, which caused the challenging spouse to enter into an agreement she would not have otherwise done but for the false representation her husband made before the agreement was signed.

 An article, Elizabeth Petrakis, Millionaire’s Wife, Gets Prenup Thrown Out, by Katherine Bindley, which can be found at the attached link, summarizes this recent finding and give some insight into the fraudulent statements her husband made, which Ms. Petrakis claims she relied upon when she signed the prenuptial agreement.  

http://www.huffingtonpost.com/2013/03/11/elizabeth-petrakis-prenup_n_2853146.html?utm_hp_ref=divorce&ir=Divorce

© Lowndes, Drosdick, Doster, Kantor & Reed, PA, 2014. All rights reserved.

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About this Author

Rebecca Palmer, Family, Marital Attorney, Lowndes, law firm
Partner

Rebecca Palmer leads the Family & Marital Law practice. She has a broad background in providing alternative dispute resolution, general litigation, and collaborative law issues for domestic disputes for nineteen years. Rebecca's matters range from pre-marital agreements, divorce, and adoptions to difficult dissolutions, complex financial issues and custody cases. A Supreme Court Certified Family Mediator, she is experienced in all methods of case resolution, including mediation, arbitration, facilitation and negotiations to serve individuals as well as businesses.

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