Some may say that after being together in a relationship for nine years, it was high time that Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg put a ring on it. The nuptials between Zuckerberg and Priscilla Chan, one day after the social network’s initial public offering, were well-timed and savvy from a legal perspective, as well, divorce attorneys in California told Reuters.
After Facebook officially went public, it was easier to place a monetary value on it.
It is unknown whether the couple signed a prenuptial agreement, and a Facebook spokesperson has not commented.
If the couple did, they would have figured out how to divvy up Facebook stock, among other assets, if they were to end their marriage for any reason in the future.
Had the two continued living together and kept sharing their Palo Alto, Calif., abode without getting married, Chan would have been able to make a claim to a bigger portion of assets, in the event of a split in the future, to include a portion of Zuckerberg’s roughly $20 billion in Facebook shares — that is, if the two signed a prenup.
Not all states have community-property laws like California does. Other states rely on what are called equitable-division laws, which provide more power to judges who can decide how assets should be split between a couple, reports Reuters.
Through prenup agreements in the state of California, a couple gives up the right to make claims based on community-property laws. These laws outline that any property created after the couple married is basically community property and should be parsed even-steven post-divorce.
The prenup, therefore, solidifies how the couple agrees to split assets, since they are giving up the right to evenly split.
With the absence of a prenup, Chan could try to lay claim to stock that Zuckerberg held before the marriage, if she could show that the hike in value during the course of the relationship was a direct result of Zuckerberg’s work.
Readers: There is no way of knowing for sure, but what is your guess — did Zuckerberg and Chan sign a prenup?
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