Wednesday, August 24, 2011

It's Signed! Get The Deets On Kim And Kris' Pre-Nup!


Listen. Let's BE CLEAR about the Kardashian clan. These broads are SMART and are all about protecting their $$$. And for that alone, I *curtsey*

Look under the break for the deets from The Hollywood Reporter....



Via The Hollywood Reporter:
E! reality TV star Kim Kardashian and new husband Kris Humphries have signed a pre-nuptual agreement. A knowledgeable source tells THR that the negotiations, which had been widely reported, are now done.

But what does that mean? 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.

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.


THR, Esq.: We haven’t checked Kris Humphries’ free-throw percentage lately, but we assume he can afford a pretty good lawyer. If things ever go south for the couple, could he ever push back on Kardashian and claim the contract was unconscionable?
Zwicker: In their situation, it's less likely that a court would find it was unconscionable. They are similarly situated. She might have 10 times as much assets as he has, but he is not poverty stricken.
THR, Esq.: This might be the landmark pre-nup of the reality TV era. As such, what’s the chances the pre-nup can guide post-nup activity, such as who gets to star on which E! show and whether there are any restrictions on the release of a sex tape or that type of thing?
THR, Esq.: We haven’t checked Kris Humphries’ free-throw percentage lately, but we assume he can afford a pretty good lawyer. If things ever go south for the couple, could he ever push back on Kardashian and claim the contract was unconscionable?
Zwicker: In their situation, it's less likely that a court would find it was unconscionable. They are similarly situated. She might have 10 times as much assets as he has, but he is not poverty stricken.
THR, Esq.: This might be the landmark pre-nup of the reality TV era. As such, what’s the chances the pre-nup can guide post-nup activity, such as who gets to star on which E! show and whether there are any restrictions on the release of a sex tape or that type of thing?

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