Khloe Kardashian praises prenups

Date: Jun 15, 2011

Reality TV star Khloe Kardashian has spoken out in support of her sister Kim, who is drafting a prenuptial agreement with her fiance, NBA player Kris Humphries.

In fact Khloe - who also stars with Kim in Keeping Up With the Kardashians, which is broadcast in Australia on Channel 7 - recently remarked that she drafted a prenuptial agreement of her own when she married her husband, Los Angeles Lakers basketball player Lamar Odom nearly two years ago.

The pair have several businesses together - including a his and hers fragrance and their own reality show, titled Khloe and Lamar - which made it particularly important to draft a prenuptial agreement.

Speaking to E! News at the Forbes Celebrity 100 celebration this week, Khloe commented: "Everybody needs a prenup."

She added: "When you have businesses together, like we do, you have to protect yourself. It doesn't mean you don't love them."

Khloe, along with her sisters, owns and operates three D-A-S-H clothing boutiques in the United States, while her husband reportedly signed a four-year deal with the Los Angeles Lakers in 2009 worth up to US$33 million.

Odom also has children from a previous relationship with ex-partner Liza Morales, which may also have been a factor in their decision to draw up a financial agreement ahead of their September 2009 wedding.

Kim Kardashian commented last week that getting a prenuptial agreement is a "smart thing to do", TMZ reported, particularly as both she and Humphries will enter the union with significant business assets.

Kim has an estimated net worth of US$35 million - thanks to her reality show, as well as appearance fees, endorsements and the D-A-S-H boutiques, while Humpries is thought to be worth a total of $8 million, including his NBA commitments and various business assets.

While the subject of a prenuptial agreement may be difficult to bring up, legally-binding financial arrangements could be particularly useful if one member of the relationship has significant assets - or similarly, significant debts.

It is important for partners to make a frank, full disclosure of their respective financial situations before any agreements are finalised.

Your agreement can include whatever terms you like and many couples appreciate the peace of mind that comes with knowing exactly where they stand if the relationship fails.

A trusted family lawyer can help you draw up a prenuptial agreement and help you meet all the requirements to ensure your legal document is not successfully challenged at a later date.