Nobody is surprised that Kim Kardashian and her new hubby have drawn up a prenup. Well, that prenup is now official and signed by both parties.
So what does it actually entail? What does it all mean? What's the definition of this madness??
Most people probably assume it means that Kardashian's estimated $35 million net worth will now be protected against the double dribbling of an NBA player who is only worth somewhere between $8-16 million. Perhaps, but as we learned from Laura Zwicker, a family wealth planner at LA's Greenberg Glusker law firm, drawing up a pre-nup in a post-reality TV universe is a tad more complicated than just that.
How complicated are we talking?? We understand trying to protect yourself… but what happened to trusting in love??
For starters, Zwicker tells us not to assume that Humphries, an NBA free agent, is necessarily the loser here. The attorney points out that Kardashian has a knack for getting into all sorts of legal trouble from her business ventures, which means she could be one adverse judgment away from seeing her fortune seriously diminished. "He could actually benefit if it clearly delineated that debts and liabilities are actually hers," says Zwicker.
On the other hand, perhaps it's not Kim who needs the protection, but other family members who are entangled in business ventures with the 30-year-old personality. Under California law, increases in value of a joint venture during a marriage are considered a couple's community property, unless otherwise waived in the pre-nup. In other words, the deal may go well beyond protecting the $35 million or so in assets, it might reach further to safeguard the entire Kardashian fortune.
Protecting the other family members in the business ventures is smart. Protecting yourself from their legal troubles is too. Actually, anything that has to do with the fragile nature of reality television is smart.
Signing a prenup was actually probably the best move on both parts, though we like to think that they'll never need to use it and that their love will last forever and ever!
How do U guys feel about prenups? Necessary… or kind of offensive by not trusting your love will last??
[Image via WENN.]
Tags: attorney, benefit, business, couple, family, kim kardashian, kris humphries, love, marriage, official, reality, reality television, reality tv, serious