Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

NBA Star, Dwyane Wade, Marries and His Prenuptial Agreement Reveals Secrets About His Life and Divorce Asset Protection Opines UltraTrust.com
  • USA - English


News provided by

Estate Street Partners

Oct 14, 2014, 04:00 ET

Share this article

Share toX

Share this article

Share toX

Dwyane Wade & Gabrielle Union's Prenup
Dwyane Wade & Gabrielle Union's Prenup

Newton, MA (PRWEB) October 14, 2014 -- With theUnited States National Basketball Association (NBA) officially entering preseason mode, the two teams drawing most of the attention are the Cleveland Cavaliers and the Miami Heat. Superstar power forward Lebron James is currently in Rio de Janeiro for an exhibition game against his former team, but he is not the only one getting Brazilian basketball fans excited. Dwyane Tyrone Wade Jr., the ten-time All-Star guard of the Miami Heat is also drawing attention as one of the players to watch this season (1).

Sports Illustrated claims divorce rates for pro athletes are as high as an 80% probability.

Post this

Wade arrived in Brazil a married man. As reported by CBS News, Wade walked down the aisle for the second time in his life; this time he tied the knot by marrying Gabrielle Union (2), a stunning and gifted actress who has appeared in films such as Love and Basketball, Bad Boys III and She’s All That. For the beautiful Union, marrying Wade also meant a second walk down the aisle; however, this time she wanted to make sure that her ducks were in a row.

Both Wade and Union are very successful celebrities. Wade has helped the Miami Heat win the NBA Finals on three different occasions (3), and he has been a starter in the last four NBA finals. In 2008, Wade brought back a gold medal for the U.S. that he earned with his teammates during the 2008 Olympic Games in Beijing. In addition to being one of the most celebrated NBA players of the 21st century, Wade is also known to be a dedicated businessman who handles lucrative endorsement deals and negotiates his own NBA contracts with a clear vision of his financial future. Aside from endorsing Nike basketball shoes, Wade has also launched his own line of socks and neckties (4). When adding up his contracts, salaries, performance bonuses, endorsement deals and investments, Wade’s net worth could easily reach $100 million (6).

Union, for her part, is no slouch when it comes to earning her keep as a Hollywood celebrity. ABC News has estimated her net worth to be around $12 million (5). She has been very active in film and television appearances since the late 20th century; in fact, her professional career spans longer than that of her new husband, and although she may not earn as much as he does, she professes to be much better than Wade at financial planning. For example, reports or Union and Wade’s wedding ceremony, which was attended by Lebron James, do not paint a picture of lavishness (2). By all accounts, it was a modest ceremony that took place only after Union resorted to full-court press to convince Wade to sign a prenuptial agreement (5).

The lovely actress even went on television and told viewers about her premarital financial planning. Months before the wedding, Union appeared on the Arsenio Hall Show, where she spoke frankly and candidly about her insistence on a prenuptial agreement. Wade may not have been too enthused in the beginning, but Union made it clear that she would only tie the knot once a premarital contract had been properly executed (5). Union explained to Arsenio Hall and his television audience that she believes in an individual’s right to protect any assets acquired before marriage. Besides, Union added, she learned about the need of premarital asset protection not only from her previous marriage but also from Wade’s spectacularly expensive divorce.

Rocco Beatrice of UltraTrust.com, agrees with Union’s sentiment to a certain extent: “Here we have a smart and beautiful woman who wants to make sure that she will be able to enjoy and control everything she has worked so hard to obtain prior to meeting Wade. On the Arsenio Hall Show, she jokingly mentioned that she had never seen her new husband balance a checkbook and that he took financial education tips from Lebron James. All jokes aside, we are seeing more people who share Union’s philosophy with regard to defining and protecting personal property before marriage. This does not mean that we are turning into generations of tightwads; this is rather a growing movement to make conscious financial decisions.”

Mr. Beatrice is the Managing Director of Estate Street Partners, LLC, a wealth management and estate planning firm that operates UltraTrust.com; he continues his comments on the Wade/Union prenuptial agreement: “Kudos are in order for Union and her desire to clearly define what is rightfully hers and his; our staff, however, cannot support her choice of a prenup. If she wanted to secure asset protection and control over her property before getting married, we would have recommended that she and Wade each created irrevocable trusts.”

“Our office has seen far too many instances of prenuptial agreements failing to hold up in court,” explains Mr. Beatrice, “there are numerous law firms working on a contingency basis that will gladly take on divorce cases involving prenups. The body of case law surrounding prenups that have been successfully set aside continues to grow, and in many cases the court invalidates these agreements the moment they are introduced. Therefore, married couples are often negatively surprised to find that all the time, effort and many they put into their prenups can easily be set aside.”

In conclusion, Mr. Beatrice states: “We see too many celebrity couples getting prenups when they should be getting irrevocable trusts instead. Unlike prenups, irrevocable trusts are highly unlikely to be set aside since they essentially take the troublesome concept of ownership away from spouses. Should Wade and Union ever get divorced, which is not something we would ever like to see, their prenup may come back to haunt them. This never happens with irrevocable trusts created prior to marriage because their unique asset protection structure. In divorce court, a judge merely looks into an irrevocable trust to check if any marital assets were improperly transferred therein. That's it; there is nothing for skilled divorce lawyers to attack.”

About Estate Street Partners (UltraTrust.com):
For 30 years, Estate Street Partners has been helping clients protect assets from divorce and frivolous lawsuits while eliminating estate taxes and probate as well as ensuring superior Medicaid asset protection for both parents and children with their Premium UltraTrust® Irrevocable Trust. Call (888) 938-5872 to learn more.

#

1. espn.go.com/nba/story/_/id/11668059/lebron-james-awkward-preseason-reunion-heat 10/9/14
2. cbsnews.com/news/gabrielle-union-and-dwyane-wade-get-married/ 09/01/14
3. nba.com/playerfile/dwyane_wade 9/29/14
4. businessweek.com/articles/2013-11-14/sportsman-gone-sartorial-dwyane-wade-tries-the-necktie-game 11/14/13
5. abcnews.go.com/Entertainment/gabrielle-union-making-dwyane-wade-sign-prenup/story?id=22480125 9/29/14
6. forbes.com/sites/aliciajessop/2014/05/15/leading-the-miami-heat-on-the-court-to-a-fourth-consecutive-eastern-conference-finals-appearance-off-of-the-court-dwyane-wade-makes-his-mark-in-the-fantasy-basketball-camp-marketplace/ 9/29/14

Rocco Beatrice, Estate Street Partners, http://www.ultratrust.com, +1 (888) 938-5872, [email protected]

Modal title

Estate Street Partners Summary
View PDF
Estate Street Partners Summary
Estate Street Partners Summary

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.