Billionaire attorney John Morgan has shared the family rule he says applies to all four of his children before they get married. According to Morgan, any child who wants to receive a significant inheritance must first have a prenuptial agreement in place.
The founder of the Morgan & Morgan law firm discussed the policy during a recent appearance on the Earn Your Leisure podcast, explaining that the requirement is intended to help protect family wealth rather than interfere with personal relationships.
Podcast
Morgan addressed the topic while speaking with podcast hosts Troy Millings and Rashad Bilal during the July 25 episode of Earn Your Leisure.
During the conversation, Rashad referred to an earlier interview in which Morgan said he requires all of his children to sign prenuptial agreements before marriage.
When asked what would happen if one of his children refused, Morgan replied:
“If the kids say that, then they don’t get anything.”
He added that they would still receive financial support.
“They get like a million bucks a year, which is not bad.”
Rule
Morgan explained that the policy becomes even more important if a future spouse refuses to sign the agreement.
According to him:
“Especially, if she won’t sign it, then you’re definitely not getting it.”
He said children who choose not to follow the requirement would not receive a large inheritance, although they would continue to receive enough financial support to live comfortably.
Reason
Morgan said his decision is based largely on divorce statistics.
During the podcast, he explained:
“50% of all marriages are going to end in divorce. That’s just raw numbers. It’s gonna happen.”
He also noted that marriages involving people who marry after the age of 30 reportedly have lower divorce rates.
From his perspective, prenuptial agreements help protect family assets if a marriage later ends in divorce.
| Topic | John Morgan’s Position |
|---|---|
| Prenuptial agreements | Required before inheritance |
| Child refuses prenup | No major inheritance |
| Financial support | Continues at about $1 million annually |
| Purpose | Protect family wealth |
Example
Morgan also shared a story involving his son, Matthew.
According to Morgan, he arranged for Matthew’s future spouse to have independent legal representation before signing the prenuptial agreement.
After reviewing the document, the attorney reportedly described it as one-sided and suggested negotiating the terms.
Morgan said his response was direct.
“This is a take it or leave it document. There is no negotiating.”
Dispute
Morgan said the attorney informed him that they would have to advise their client not to sign the agreement.
He recalled that Matthew later suggested adding an infidelity clause that would make the prenuptial agreement invalid if he were unfaithful during the marriage.
Despite that proposal, Morgan said he chose not to change the document.
Instead, he advised his son to postpone the wedding if the agreement was not signed.
According to Morgan, the agreement was eventually signed, and the couple has now been married for more than 10 years.
Family
John Morgan, whose net worth has been estimated by Forbes at approximately $1.5 billion, shares four children with his wife, Ultima.
His children include:
| Child | Public Information |
|---|---|
| Michael (Mike) | Married to Natasha Nayar Morgan since 2014 |
| Matthew (Matt) | Married, spouse’s name not publicly available |
| Daniel (Dan) | Married Thaisa Morgan in 2024 |
| Katie (Kate) | Married Tyler Benzel in 2020 |
Several of Morgan’s children also have families of their own.
Discussion
Prenuptial agreements remain a topic of debate among financial advisors, attorneys, and couples planning marriage.
Supporters argue that prenups provide financial clarity and help protect assets accumulated before marriage. Others believe such agreements should be negotiated jointly to reflect the interests of both partners.
Morgan’s comments reflect one approach taken by some high-net-worth families to manage wealth across generations.
Whether or not couples choose to sign a prenuptial agreement depends on their personal circumstances, financial goals, and legal advice. Morgan’s remarks offer insight into how one billionaire has structured his family’s inheritance policy, placing financial planning alongside personal decisions about marriage.
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