Here’s another Jada Pinkett Smith revelation: There is no prenuptial agreement between Will Smith and herself.
As Pinkett Smith candidly shares insights into her well-known relationship with Will in her just published book, “Worthy,” new assertions have emerged, including her assertion that she did not sign a prenuptial agreement, according to The Sun.
A prenuptial agreement, commonly referred to as a prenup, is a legal contract between individuals intending to marry.
It delineates how their assets and liabilities would be divided in the event of a divorce.
Since there reportedly is not one in place for the Smiths, Jada is entitled to a portion of Will’s substantial $350 million net worth, and vice versa, as her net worth is estimated at approximately $50 million.
The couple live in California, a community property state where upon divorce the court evenly distributes community property between spouses, but certain exemptions apply, according to Divorce.com. But for the most part, any assets that were acquired during the marriage are split equally between both spouses. So if Pinkett Smith had opted for divorce, which she has said will never happen, she would benefit substantially.
In promotional interviews for her memoir, Pinkett Smith has revealed that she and Smith have been living under the same roof but living separately since 2016, but she has also claimed that they are now most decidedly husband and wife. Interestingly, she also has claimed she moved out of the family home and bought a home of her own for her 50th birthday two years ago.
“No matter what, we’re going to figure it out and that’s why we don’t need a prenup, because I’m making a promise that divorce won’t be necessary, that we will figure this out,” Jada said to Parade during an interview, The Sun reported.
Many celebrities, however, opt for prenups as serve to safeguard the assets of both individuals.
According to a report by US Magazine, Gabrielle Union, with a net worth of $40 million, did not have any legal agreements in place when she married NFL player Chris Howard, whose net worth is $6 million, in 2001. Subsequently, following their divorce in 2006, she was resolute about not making the same mistake again. In February 2014, after getting engaged to NBA player Dwyane Wade, whose net worth is $130 million, she insisted on a prenup.
As Finurah previously reported, Jada’s memoir, “Worthy” aims to undress her soul before the world, addressing many of the things people think that they know about her, like her relationships with Smith, Tupac, August Alsina (with whom she had a romantic “entanglement”), and more.