What is the Katie Holmes Prenup?
The legal instrument known as the ‘Katie Holmes Prenup’ is officially defined as the legislative document issued by Tom Cruise upon his marriage to Katie Holmes. A Katie Holmes Prenup is a formulated agreement furnished by one or both partners of a marriage that serves as a preemptive, preventative measure with regard to the prospect of the dissolution of the marriage between Katie Holmes and Tom Cruise. The goal of a prenuptial agreement is to place limitations on prospective petitions, claims, and requests furnished by Katie Holmes or Tom Cruise in the event of the dissolution of a marriage.
Who is Involved in the Katie Holmes Prenup?
Primarily, the Katie Holmes prenup involves both partners of the marriage existing between actors Tom Cruise and Katie Holmes; however, akin to the trend associated with a variety of celebrity marriages, it may presumed that both the legal counsel responsible for the legal representation of both Katie Holmes and Tom Cruise – respectively – suggested the enactment of the Katie Holmes:
For those unfamiliar with the individual careers belonging to Tom Cruise or Katie Holmes, Tom Cruise is considered to be one of the single-most globally-recognized, iconic actors of the 20th century; Tom Cruise has starred in countless blockbuster films such as Top Gun, The Mission Impossible Series, Rain Man, Jerry Maguire, and Days of Thunder – Katie Holmes has also enjoyed a nominal amount of success in both television acting, as well as major motion pictures
What are the Alleged Terms of the Katie Holmes Prenup?
Although a variety of alleged reports substantiating the unofficial details expressed within the Katie Holmes prenup have been released, the verification of any and all statutes cited within the Katie Holmes prenup have been confirmed neither by publicists employed by Tom Cruise nor those employed by Katie Holmes. The following claims with regard to the Katie Holmes prenup have been alleged:
For every year that Katie Holmes remains married to Tom Cruise, the Katie Holmes prenup allows her $3 million annually
In the event that the marriage between Katie Holmes and Tom Cruise withstands 11-years’ time, the Katie Holmes prenup becomes void; in the event of a divorce after a period of marriage exceeding 11-years’ time, Katie Holmes will become entitled to half of the combined assets and monies accrued by the couple since the date of the marriage - within the State of California as ‘Community Property’
What is the Need for the Katie Holmes Prenup?
With regard to the divorce laws enacted within the State of California, a ‘no-fault’ divorce taking place will result in the even split of ‘community property’ – this is defined as any assets that were attained subsequent to the marriage:
The statues expressed within the statutes inherent within the Katie Holms Prenup are reported to not only address the receipt of any salaries and wages subsequent to the enactment of the marriage
Wages, assets, monies, or earnings in possession of both Katie Holmes and Tom Cruise not addressed within the Katie Holmes Prenup will result in the classification of such finances as community – or shared – property.