Let's Remake a Deal

When one spouse gets rich, couples now often turn to postnuptial agreements. Are they fair?

Betsy McCaughey Ross, a former Lieutenant Governor of New York, is a fighter. When Republican Governor George Pataki dumped her as his second-term running mate in 1997, she switched parties and made a bid to unseat him. Today she is fighting another former partner, millionaire financier Wilbur Ross, whom she married in 1995 and is now divorcing. At the center of their dispute is her claim that she was forced to sign a document that is suddenly becoming an accessory to many modern marriages: a postnuptial agreement. That's right--after the vows, not before.

It's another by-product of the booming U.S. economy....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!