The McCourt postnuptial agreement and the future of the LA Dodgers

By MaritalMediation Staff on September 3, 2010

If you sign more than one postnuptial agreement, make sure you agree on which one is the official copy. That would appear to be one lesson from this week’s McCourt trial in Los Angeles at which the ownership of the Los Angeles Dodgers is at stake. From Bloomberg:

Three copies of the agreement that were signed by both McCourts in Massachusetts have an attachment that includes the Dodgers with Frank McCourt’s separate assets. The attachment that excluded the team from his assets was an uncorrected draft version erroneously attached to the other three copies he signed in California, Frank McCourt says.

Jamie McCourt says the agreement was intended only to preserve an arrangement the couple used in Massachusetts to shield their family residences from business creditors by listing them in her name. The Dodgers, like the houses, remained their shared property, she contends.

Allegedly, Jamie McCourt wanted the 2004 agreement to protect her from any future creditors of her husband, due to differences between California law (creditors of either spouse can seek payment from their shared assets) and Massachusetts equitable distribution law (divorcing spouses in California aren’t entitled to the other’s separate assets).

Learn more about postnuptial agreements.

Tags: postmarital agreement, postnup, postnuptial agreement

Categories: News, Postnuptial agreements