Wednesday, October 28, 2009

Your eHow of the Day

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How to Hammer Out a Prenup

by Amy Kniss

First comes love, then comes marriage, then comes the reality show. At least that’s the way it usually works for celebrities, especially when they marry one another. Of course a prenup is usually penned before any public personality says "I do."

The hullabaloo surrounding the made-for-TV wedding of E! reality show starlet Khloe Kardashian and Los Angeles Lakers’ Lamar Odem calls into question the sanity of any celebrity -- no matter how far down the Hollywood food chain -- who weds without a prenup.

Despite the bling celebrities bring to the altar in pre-marriage assets, pre-nuptial agreements deal with the millions celebrities stand to earn over the course of the marriage and what each party stands to gain -- or lose -- should the union crumble. Prenups may get more publicity among high-profile pairs, but they provide much-needed protections for the 40 percent to 50 percent of first marriages that end up coming undone.

Here’s how you can draw up an effective prenup to protect your assets, should you meet and marry your soul mate and it doesn't end as a match made in heaven but a typical Hollywood ending: divorce.

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