Kelsea Ballerini and Morgan Evans DivorceMar 23, 2023
When a couple decides to end their marriage, they make difficult decisions about dividing their assets and debts. These decisions can have a significant impact on their financial future, and it is important to understand the options available to them. This is where having a prenuptial agreement is beneficial.
Recently country singer Kelsea Ballerini and her now-ex-husband, fellow musician Morgan Evans divorced. In an interview with People magazine, Ballerini revealed that during their divorce negotiations, Evans gave her the choice of either giving up half of their house or paying him alimony.
Yes, they did have a prenuptial agreement and this choice of alimony or half of the property was part of that, but Ballerini was especially upset about this request since she was the one who solely paid for the home.
This situation highlights the importance of understanding the different options for dividing assets in a divorce, and the potential financial implications of those choices.
One option for dividing assets in a divorce is to sell the marital home and divide the proceeds. This approach can be beneficial if neither party wants to keep the home or if the home has significant equity that can be split fairly. However, if one party wants to keep the home, they may need to buy out the other party's share of the equity.
In Ballerini and Evans' case, Evans' choice of either giving up half of their house or paying him alimony suggests that he wanted to keep the home but did not have the financial resources to buy out Ballerini's share of the equity. By giving his ex the option, he may have been trying to ensure that he could keep the home without taking on the full financial burden.
In some cases, one party may be required to pay alimony or spousal support to the other party after a divorce. Alimony is intended to help the "lower earning" spouse maintain a reasonable standard of living after the divorce. This case suggests that Evans may have been earning significantly less than Ballerini during their marriage and was seeking financial support to maintain his standard of living after the divorce.
Prenuptial agreements may help with the allocation of money and assets during a divorce, but they don't remove the ugliness a divorce process can present if infidelity is present. In the case of these two country singers, Kelsea Ballerini and Morgan Evans, what started out as amicable has shifted to tense. It seems as though Ballerini moved on well before Evans and information continues to come out about potential infidelity on Ballerini's part. When Ballerini filed for divorce after five years of marriage, she cited irreconcilable differences as the reason, but the new reports cause speculation that it was much more than that.
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