John C. Mayoue practices in family law matters, specializing in complex and difficult cases.



JohnMayoue.Com

Family Law Prof Blog




Study Shows Devastating Effects of Divorce on Finances

Anna Nicole Wins in the Supreme Court

Caught on Tape

What About "Green Card" Marriages?

Child Without His Father's Name No Longer Stigmatized

Judges Enforcing Divorce Confidentiality Agreements

Update on bill to seal divorce financial records

The Schiavo Case: One Year Later

No Married Couples Need Apply

A Good Relationship Equals Good Health



February 2006

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Monday, May 08, 2006

The TomKat Pre-Nup

I think we can safely say that Tom Cruise does not have a good track record when it comes to marriage. That's why it is good to hear that he and Katie Holmes have signed a pre-nuptial agreement that provides a trust fund for their newborn daughter, even if the couple never actually get married.

According to a report in the Daily Mail, Cruise has offered Katie a prenup that guarantees her at least $41 million, in addition to the $10 million trust fund to be estabished for their daughter, Suri. Should the couple marry and later divorce, Katie will receive an additional $18 million, the Mail says.

The newspaper further reports that hammering out this prenuptial agreement has been the major stumbling block in the couple getting married; in fact, the paper says, the negotiations over the contract made it impossible for the two to get married before their daughter was born.

But here's the kicker - the reason why the prenup talks were so long in coming to fruition is because of the hard line established by Katie Holme's attorney -- her father!

Good for Papa Holmes! Tom Cruise has been married twice before: to Mimi Rogers for about three years and to Nicole Kidman, for about 10 years. Both of those relationships ended in divorce - and after Cruise had gotten involved with other people. Any lawyer, much less a father, would have to recommend a pre-nuptial agreement in such conditions - especially when Miss Holmes has her own acting career to think about, not to mention a child.

The Daily Mail reports that the relationship between Miss Holme's father, divorce attorney Martin Holmes and prospective son in law is, well, chilly. In fact, the whole Holmes family have been reported to be skeptical of the relationship, especially since she has abandoned her Catholicism for Cruise's religion of Scientology.