Illinois basketball fans may be interested to learn that former NBA star Kevin Garnett’s estranged wife is challenging their prenuptial agreement in divorce court. However, Garnett has petitioned the court to schedule a hearing to enforce the agreement.
According to court documents, Garnett’s wife is claiming that she signed their prenuptial agreement “under duress.” As a result, he is asking for a trial to determine whether the agreement is enforceable before they divide their marital assets and negotiate any support agreements. In his court declaration, he points out that he played for the Minnesota Timberwolves for around nine years before he and his wife got married, and he earned approximately $300 million during that period. He believes that income should be protected by the prenup. He also alleges that his former financial advisor embezzled around $70 million from his savings and investment accounts, causing him to suffer financial hardship. He says he has hired new financial advisors and is working with them to safeguard the remainder of his earnings.
Garnett and his wife were married for 14 years before filing for divorce in 2018. His wife is seeking physical custody of their two daughters. He is currently paying temporary support of $100,000 per month. A hearing on the validity of the prenuptial agreement is scheduled for July.
Individuals facing divorce may want to contact a family law attorney for advice. After reviewing the case, the attorney may offer personalized legal guidance and start negotiating agreements on property division, child custody, child support and spousal support. If a prenuptial agreement is challenged during divorce proceedings, the attorney might represent the client’s interests in court.
Source: Yahoo, “Kevin Garnett’s Millions at Stake in Divorce After Estranged Wife Challenges Prenup,” Gary Trock, June 7, 2019