In estate planning, one common tactic individuals consider to avoid probate is adding their children…
Members of the Kardashian clan are excellent business people—something that’s often forgotten in the focus on their elaborate lifestyles. Kylie’s no exception, worth nearly a billion dollars, according to Forbes.
One of the questions around the Super Bowl was not about football. All eyes were on Kylie Jenner and wondering if she would receive a proposal from rapper Travis Scott, as reported in the Houston Chronicle article, “Did Kylie Jenner make Travis Scott sign an ironclad prenup before saying I do?” Scott made a very brief appearance on stage, and then the Twitterverse went up in flames over a photo of Jenner wearing a large diamond ring—posted by Scott.
While it’s not certain that the big question was asked and answered, it’s almost certain that before it happens, Scott will be signing a prenup agreement from Jenner.
A prenuptial agreement or “prenup” is an agreement signed before marriage that establishes the property and financial rights of each spouse in the event of a divorce.
In Touch magazine says there is a prenup that includes a gag clause forbidding Scott from talking to anyone about Kylie or the rest of the Kardashian family.
The prenup also allegedly obligates Scott to appear in episodes of the reality TV show, “Keeping Up With the Kardashians,” and participate in family vacations and holiday cards, according to the publication.
“He’s signed his life away, basically … or any chance to stake a claim in Kylie’s empire, that’s for sure,” In Touch reported.
Scott’s hesitation to sign the paperwork is said to be the reason why the couple has yet to get engaged. The magazine also reported that the prenup was “crucial before any formality.”
You don’t have to be a social media star or a billionaire to consider having a pre-nup prepared before walking down the aisle. The other legal work that’s best to do before or shortly after you wed: an estate plan.
Reference: Houston Chronicle (February 4, 2019) “Did Kylie Jenner make Travis Scott sign an ironclad prenup before saying I do?”