ONTD

12:08 am - 06/29/2012

Tom Cruise and Katie Holmes' Prenup: What's in It?


Did Tom and Katie have a prenup? Will Tom take care of Katie after their divorce or could that prenup leave her high and dry? —Sally, via the inbox

Believe you me, gurl, these two had a prenup, and you can bet that the document makes for epic entertainment.

As for what exactly the document says, well, put it this way: Katie Holmes wasn't poor when she married Tom Cruise, and she'll likely be worth a whole lot more as a divorcée...

First the basics.

According to our own crack E! News team, yes, the divorcing couple has a prenup. We hear that the contract calls for payouts to Katie in the event of a divorce, with specific amounts depending on how long they were married. We've also been told that a certain dollar figure may kick in after five years of marriage and another after 10.

Division of property and child custody are also discussed in the prenup, we hear, but the exact details are subject to negotiation. What does that all mean? Well, the couple has been married for just over five years. Ergo, Tom likely owes Katie some cash.

Among the rich, that arrangement is much more common than you may think.



"The way we often do prenuptial agreements is with incremental payments for every year or five years," says Lois Liberman, partner in the matrimonial practice of the law firm Blank Rome LLP.

"To protect yourself from a gold digger, you may stipulate that a spouse gets nothing after just a year of marriage, or just maybe an allowance for relocation. But for a longer marriage, the payouts may be $100,000 a year for one to five years, and then $150,000 a year for five to 10."

Of course, those kinds of numbers are for a typical rich person, not a bajillionaire like Cruise, who, according to Forbes, made a staggering $75 million in the past year alone. Over the past five years, the actor has raked in an estimated $200 million in earnings.

Katie, meanwhile, brought in less than $5 million in the past year, Forbes believes. But still: A mere half-million-dollar buyout for Katie? From a guy who made $200 million in a five-year span? Not likely, honey.

"She probably is getting closer to $1 million per year of marriage," Liberman speculates. "Also, there might be some clause which provides some amount to purchase a home for her and Suri. It could be purchased in trust for Suri (so it is really Suri's home), but I would bet that there is some type of home allowance in there."

And let's not forget the amount that Tom is likely to pay in child support.

"For at least another 12 years, Katie will probably be able to live a lifestyle that she otherwise wouldn't be able to live," says Fred Silberberg of Silberberg & Ross, LLP.

Conclusion: Weep not for Katie. She's going to be just fine.





E! Online.

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yououghtaknow 30th-Jun-2012 04:12 am (UTC)
I think I have hit my Katie post limit negl have to get a fresh start tomorrow but get money bitch nom nom nom

Edited at 2012-06-30 04:13 am (UTC)
duckyduck92 30th-Jun-2012 04:46 am (UTC)
kitty :D
coulson 30th-Jun-2012 04:12 am (UTC)
get it gurl
invisible_cunt 30th-Jun-2012 04:12 am (UTC)
the neverending story
sarmoti 30th-Jun-2012 04:27 am (UTC)
Atreyuuuuuuu
lightwillguide 30th-Jun-2012 04:31 am (UTC)
ARTAXXXXX
trikc 30th-Jun-2012 04:38 am (UTC)
right? And about nothing. Katies going to get money out of the divorce? Wow! THAT IS NEW INFORMATION! Shit. I know people want to talk about it but news so far has been dullsville.
anijen21 30th-Jun-2012 05:17 am (UTC)
I KNOW.

RIGHT.
civilsavage 30th-Jun-2012 07:00 am (UTC)
...heee heee heee hee heee heeee heee-eeee...
coulditbesatan 30th-Jun-2012 09:05 am (UTC)
life_after_luv 30th-Jun-2012 04:12 am (UTC)
I can't see any pics in any of the posts. Why is this happening to me?

Image and video hosting by TinyPic
wauwy 30th-Jun-2012 04:21 am (UTC)
Browsing with images off?
life_after_luv 30th-Jun-2012 05:06 am (UTC)
Not that I know of. I think it might just be imgur, like the poster below said.
clairelittleton 30th-Jun-2012 04:37 am (UTC)
same here, something is going on with imgur.
sleeky 30th-Jun-2012 06:04 am (UTC)
I can't either. But even Tumblr is being weird for me and I live in China so it is probably that.
chantonii 30th-Jun-2012 07:59 am (UTC)
Imgur was fucking up for me last week. Seems to be working this arvo though.
muzicnem 30th-Jun-2012 04:12 am (UTC)
All I can think is somewhere in the world, Nicole Kidman is going, "HOW DOES IT FEEL TO BE BLINDSIDED BY DIVORCE PAPERS, BITCH?".
viva_la_torta 30th-Jun-2012 04:16 am (UTC)
She and Katie need to be on a reality show together. I would watch it :)
nicolesnitchie 30th-Jun-2012 04:18 am (UTC)
what kind of boring tv...
stellawuzadiver 30th-Jun-2012 09:50 pm (UTC)
Buddy cop film
simprov 30th-Jun-2012 04:17 am (UTC)
i thought katie filed?
myxwill 30th-Jun-2012 04:17 am (UTC)
karma!
angelmonster 30th-Jun-2012 04:22 am (UTC)
I said this in another post, I want them and Penelope to sing 'you don't own me' ala' the First Wives Club and post it on YouTube.
wauwy 30th-Jun-2012 04:22 am (UTC)
I really want a Katie/Nicole Kidman alliance
numbedtoe 30th-Jun-2012 04:27 am (UTC)
I thought the same Alex. And I want them to have an alliance. Nic lost her kids. I'm not surprised Katie is going on the offensive.
miakun 30th-Jun-2012 04:50 am (UTC)
Hahhaa, me too.
mcwicca 30th-Jun-2012 04:12 am (UTC)
This was a fabulous day to get my computer back from the shop.
xhoney_bee 30th-Jun-2012 04:13 am (UTC)
happy early bithday tom cruise
life_after_luv 30th-Jun-2012 04:19 am (UTC)
Forever alone on his birthday like Kirk Cameron.
distant_lines 30th-Jun-2012 04:21 am (UTC)
You're never alone when you have three and a half subway sandwiches.
sereniti_ii 30th-Jun-2012 11:24 am (UTC)
Stalker Sarah can comfort him
marmar627 30th-Jun-2012 04:40 am (UTC)
lmao I forgot about that
so_chic_doll 30th-Jun-2012 04:13 am (UTC)
I feel so behind today... just finding out about TomKat's split & Adele being preggo.
finding_jay 30th-Jun-2012 04:34 am (UTC)
LOL me, too, bb, me, too.
miakun 30th-Jun-2012 04:51 am (UTC)
Adele's pregnant!?
demented_21 30th-Jun-2012 12:32 pm (UTC)
Gurl I know! I'm in Europe and it's a Saturday and it's 3pm and I just woke up. And I missed out on everything. Fuck that.
cherchons Get it, Katie30th-Jun-2012 04:13 am (UTC)
thetxbelle Re: Get it, Katie30th-Jun-2012 05:14 am (UTC)
I haven't heard this in forever <3
bluebandit77 whatever30th-Jun-2012 04:14 am (UTC)
Image and video hosting by TinyPic
i am so happy she will get her life back..he is so weird.
sitaw Re: whatever30th-Jun-2012 04:53 am (UTC)
Who is this?
_neverender Re: whatever30th-Jun-2012 04:57 am (UTC)
Cheryl Cole
bluebandit77 Re: whatever30th-Jun-2012 05:04 am (UTC)
the beautiful cheryl cole<3 look her up bb
chihaya19 Re: whatever30th-Jun-2012 06:29 am (UTC)
someone who needs to date me
anchors_oceans Re: whatever30th-Jun-2012 05:03 am (UTC)
cute cheryl is blessing this post!
emeyea Re: whatever30th-Jun-2012 05:35 am (UTC)
OMG WHERE IS THIS FROM SHE LOOKS GORGEOUS!!!!
camillesaens Re: whatever30th-Jun-2012 11:09 am (UTC)
did she get new veneers? they look abnormally huge in this
venus_boy_love 30th-Jun-2012 04:14 am (UTC)
There will never be enough posts, we have been waiting for this patiently for years.
ebenista 30th-Jun-2012 12:18 pm (UTC)
this! she's free at last :)
baby_phat_honne 30th-Jun-2012 04:15 am (UTC)
Hopefully now she can get some GOOD roles. I never liked her in TDK but I wonder if she regrets leaving it. I know I would.
life_after_luv 30th-Jun-2012 04:20 am (UTC)
I thought she gave a decent performance in The Gift. That movie gave me the creeps.
qween_tartii 30th-Jun-2012 04:39 am (UTC)
i really liked her in Pieces of April too. i always thought she had potential, but then Crazypants came along and sucked out her brain.
mario_06 30th-Jun-2012 04:51 am (UTC)
I fucking love the gift.

Underrated IMO.
shiiblee 30th-Jun-2012 04:45 am (UTC)
She's damaged goods... it'll take her years..(if ever) to get back her career.
crash31 30th-Jun-2012 05:03 am (UTC)
Girl is a bad actress, he picked her for a reason: she was young, attractive but not too attractive, known but not A list, and a big fan of his LOL
sanditar 30th-Jun-2012 04:15 am (UTC)
i hope she gets a lot and the kid.
get it girl, be free!
whiskybars 30th-Jun-2012 04:15 am (UTC)
i don't even wanna be around the internet to see what happens when brangelina and jay/bey break up
georgie_georgie 30th-Jun-2012 04:19 am (UTC)
I do believe brangelina is going to break up in a year or two. And then there is going to be a nasty custody battle.
ellyrianna 30th-Jun-2012 04:27 am (UTC)
Omg no pls don't say that :( What makes you think so?
numbedtoe 30th-Jun-2012 04:28 am (UTC)
I don't see them lasting. Both tend to get bored in their relationships so it feels oddly inevitable to me.
metrictons 30th-Jun-2012 04:33 am (UTC)
no, they are flawless everlasting true love!

muzicnem 30th-Jun-2012 04:39 am (UTC)
I could see them breaking up. But I think they're both too chill to freak out over the kids.
bluebandit77 30th-Jun-2012 04:19 am (UTC)
the world will probably blow up.
lalameanslove 30th-Jun-2012 04:22 am (UTC)
hell fucking no. you better pray to the brangelina gods that they never split or else the internet would legit shut down.
miakun 30th-Jun-2012 04:52 am (UTC)
I DON'T WANT EITHER OF THESE THINGS.
homicidalslayer 30th-Jun-2012 05:27 am (UTC)
If this happens, I'm investing whatever cash I have in tabloid stocks
treegrowth 30th-Jun-2012 05:59 am (UTC)
i know it's dumb to care so much, but i would be so fucking sad if either of these things happened :(
sharolaid 30th-Jun-2012 06:23 am (UTC)
I give them 3 more years, tops.
ladyfly56 30th-Jun-2012 04:15 am (UTC)
rogue 30th-Jun-2012 04:33 am (UTC)
been in my head all day long
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