French President Nicolas Sarkozy Weds Carla Bruni

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French President Nicolas Sarkozy and model-turned-pop singer Carla Bruni married in private ceremony at the presidential Elysee Palace Saturday and then spent their wedding night at La Lanterne, a lodge near Versailles, according to news reports.

Sarkozy, 53, has three sons from two previous marriages, the last of which ended in October, when the previous first lady, Cecilia, divorced him. Bruni, 40, has a son with French philosopher Raphael Enthoven, whose father she also used to date.

The new first couple first dated for three months, during which Parisians began calling Sarkozy “President Bling-Bling” after reports that he has lavished Bruni, who has been romantically linked to Donald Trump, Mick Jagger and Eric Clapton, with expensive gifts and holidays to Egypt and Jordan. Indeed, money is not a problem for this high-flying couple. Bruni is an heiress to an Italian industrial fortune who also earned millions of dollars as a fashion model in the 1990s. Public servant Sarkozy has a declared net worth of $2.9 million. It is not immediately known if the couple signed a prenuptial agreement, but financial advisors say Bruni and Sarkozy’s complicated relationship and financial histories make them prime candidates for such an agreement.

“Prenuptials are particularly good for cases where there is unequal wealth,” says Morris Armstrong of Armstrong Financial Strategies, an investment and divorce planning firm in Connecticut. In a first marriage, accumulated assets might be divided by a judge more equally, for example, where a spouse might have helped the other through college before a successful career. But in a second marriage, a wealthier spouse might not feel so generous. “In first marriages, couples build together,” says Armstrong. “In second marriages, couples spend together.”

Even ordinary folk without a potential fortune to divide can benefit from a prenup, including those with sizeable savings in a 401(k) retirement plan or those who want to guarantee most of their assets are passed on to children from a former relationship, explains the online Legal Document Preparation Service. If you chose not to enter into a prenup agreement, Armstrong still recommends updating your will at regular intervals, particularly when remarrying. Says Armstrong: “To really protect your family’s inheritance, you need a will.”

 

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