Facter
Facter v. Facter
Opinion
Lead Opinion
Dondero, J.
In 1994, Jeffrey and Nancy Facter 1 executed a premarital agreement providing, among other things, that none of the property acquired during the marriage would be deemed community property. Sixteen years later the parties separated and divorce proceedings were initiated. After contested proceedings, the trial court declared the premarital agreement invalid in its entirety. Jeffrey appeals, contending the trial court erred in nullifying the contract instead of severing any illegal terms and preserving the balance of the agreement. We agree and reverse.
*971 FACTUAL BACKGROUND AND PROCEDURAL HISTORY
I. Background and Pretrial Proceedings
The parties entered into the premarital agreement (the Agreement) on November 7, 1994. The Agreement itself consists of four pages and has three sections entitled “Property Rights,” “Child Support,” and “Other Provisions.” Attached to the Agreement are two exhibits setting forth Jeffrey’s separate property (then totaling approximately $3 million), and his earnings of between $475,000 and $700,000 in each of the prior five years. Paragraph No. 1, under the Property Rights section, states that none of the property acquired during the…