
Katie Holmes, the actress and wife of Tom Cruise, shocked celebrity-watchers last week by filing for divorce while Cruise was away from the country working on a movie project. Holmes’ petition was filed in New York and seeks full custody of the couple’s young daughter. As this legal drama unfolds, a central issue will be the existence and terms of a prenuptial agreement between Cruise and Holmes. A prenuptial agreement is a contract between two people who are about to wed which spells out how their assets will be distributed in the event of their divorce or death. Prenuptial Agreements More…