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Mel Gibson gave ex part of his pensions in high asset divorce

Maryland residents are likely familiar with the star of the movie "Braveheart," "Lethal Weapon" and many others. It has now been revealed that as part of his high asset divorce, which is considered to be one of the most expensive in Hollywood history, Mel Gibson's ex-wife will be receiving one half of his retirement benefits from the Screen Actors Guild and also a big portion of his retirement benefits from the Director's Guild of America. In addition to all of this, she will be receiving half of the benefits the star accumulated during their marriage through their production company, Icon.

The couple married in 1980 and had seven children together. They were separated in 2006 and their divorce was finalized in December of 2011. At that time, it was revealed that, in terms of asset division, $425 million, or one-half of the movie star's $800 million fortune, was awarded to his ex-wife.

Gibson failed to seek a prenuptial agreement from his wife. A prenuptial agreement is a very useful tool when dealing with high asset marriages. If a prenuptial agreement had been entered into by this couple, there could have been a significantly different outcome to this divorce.

Although prenuptial agreements are especially useful when dealing with the division of marital property and asset division in a high asset marriage, they can be useful for those from all walks of life. They serve primarily to protect whatever one has accumulated prior to entering into marriage.

Prenuptial agreements can actually help to minimize any disagreement over property and asset division at the time of a divorce and can also reduce the stress and costs associated with litigating these issues in court. They cannot be used, however, to determine such issues as child support, custody or visitation rights.

Source: Hollywood.com, "Mel Gibson's ex-wife lands part of star's retirement package," WENN.com, Sept. 6, 2012

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