Taylor Swift and Travis Kelce have taken the NFL and the world by storm this fall. Their romance is the highest profile one since Princess Di and then Prince Charles. Right now, theirs looks like a great Love Story.
However, high profile and high asset romances come with many less romantic complications. What happens if their romance turns to Bad Blood, and Taylor has to tell Travis, “We are never, ever, ever getting back together?” There’s a number of questions these two New Romantics should be asking each other now even in through Lavender Haze:
- Whose house or houses are we living in?
- Will we have children?
- When and where will we get married to accommodate a concert schedule or an NFL season?
- What happens when the bloom on the rose fades and the relationship does not last?
- Who gets to keep the one-of-a-kind engagement ring?
Whether Taylor and Travis tie the knot or simply continue with their whirlwind romance, these are just some of the many legal complications that they will need to navigate. While your relationship may not dominate the tabloids, many of these questions are based on the same concerns many couples face when they write their Story of Us.
A cohabitation agreement can address many of these issues prior to marriage, like where you are going to reside and under what terms is a common issue dealt with. In addition, the sharing of expenses and commingling of funds can also be addressed by these agreements.
If Taylor and Travis do tie the knot in what would be the wedding of the century, you can guarantee there would be a lengthy premarital agreement. A Premarital Agreement, popularly referred to as a “pre-nup”, can address such issues as individual property, joint property, support obligations, and other matters.
The one issue that neither a cohabitation Agreement or premarital Agreement could address would be child support or child custody. As is often seen in the headlines, celebrity child custody and support issues are often played out in court with high stakes drama. Regardless of whether you are Taylor and Travis or simply Lois and Peter, once you have a child with another person, either biologically or via adoption, there are life long legal obligations and rights that need to be addressed.
We all hope for the storybook ending for Taylor and Travis. However, it is good to be prepared for the realization that You Know They Were Trouble and be ready to Shake it Off and move on.