Monday, March 11, 2013

Smokin' Wife of Long Island Millionaire Gets Judge to Throw Out Prenuptual Agreement

In your morning New York tabloid news, at the Post, "Wife of millionaire LI real-estate mogul gets judge to rip up her prenup":
The beautiful wife of a millionaire Long Island real-estate mogul got a judge to rip up her prenup — a rare, precedent-setting decision that could influence countless marriages to wealthy people.

Elizabeth Petrakis, 39 — sometimes acting as her own lawyer — got a an appellate panel last month to toss the agreement she signed with Peter Petrakis, 41, four days before their lavish 1998 wedding.

The prenup stipulated that Peter, who parlayed a string of smoke shops into a $20 million commercial real-estate empire, would keep everything in his name if they split up.

But Elizabeth argued for seven years that Peter coerced her signature, threatening to call off the wedding even though her father had already paid $40,000 for the reception.

“He told me he would rip it up as soon as we had kids,” Elizabeth, who has since had twin sons and a daughter, told The Post at her Old Brookville mansion.

“But he never did. The reason this happened was I was an advocate for myself and I didn’t give up.’’

She called the document “a knife in my heart from Day One.’’
Prenup

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