Celebrities' relationships are known to end as quickly as they begin, which explains why many lawyers have advised an iron-clad prenuptial agreement.

Eyebrows were raised when reality TV star Khloe Kardashian of "Keeping Up with the Kardashians" and professional basketball player Lamar Odom of the LA Lakers recently rushed to the altar after a month courtship without a prenup.

However, as the couple enjoyed their initial days as man and wife lawyers were at work constructing a deal. The agreement is ultimately alleged to provide Mrs. Odom with: $500,000 for every year they were married, $25,000 in general support, their house, a new luxury vehicle at the end of every lease cycle, $5,000 per month for shopping, $1,000 a month for beauty care, and Lakers tickets for Kardashians friends and family. (It's not just prenups, read Create A Pain-Free Postnuptial Agreement.)

On the other hand, many stars have walked down the aisle certain that their marital bliss would stand the test of time. They've either ignored lawyers' advice to sign the legal document, fired their lawyer for the suggesting an agreement or simply refused to provide their signature.

Here's a look at how six celebrity couples parted without the legal contract to protect their estate and wallets.

  • Mel Gibson and Robyn Denise Moore Gibson
    Oscar-winning actor Mel Gibson and his wife Robyn Denise Moore Gibson divorced due to "irreconcilable differences" after 28 years of marriage. They separated less than a month after his infamous DUI arrest in 2006. Mel Gibson's fortune was estimated at $900 million and under California law marital assets are split evenly. The divorce was finalized last year, however, the former spouses asked the courts to have their divorce settlement kept private.
  • Madonna and Guy Ritchie
    British filmmaker Guy Ritchie didn't intend on a multimillion dollar payout when he married pop-singer Madonna in 2000. Madonna and Ritchie broke up after nearly eight years of marriage as Yankee's slugger's Alex Rodriguez's wife accused Madonna for the collapse of her marriage. Madonna and Ritchie had a "quickie divorce" in the High Court of London resulting in Ritchie receiving between $76 and $92 million in the settlement. (Learn more about the finances of divorce in Marriage, Divorce And The Dotted Line.)
  • Reese Witherspoon and Ryan Phillippe
    Oscar-winning actress Reese Witherspoon split with actor Ryan Phillippe of "Flags of Our Fathers" after seven years and reports of infidelity. Witherspoon was earning more than $15 million per film at the time. Phillippe earned within the range of $3 million a film. The couple co-starred in the movie "Cruel Intentions" and married in 1999. Witherspoon requested no spousal support and Phillippe didn't ask for it, but California law entitled Phillippe to half of Witherspoon's fortune.
  • Nick Lachey and Jessica Simpson
    Jessica Simpson refused to sign a prenuptial agreement when she married Nick Lachey of the boy band "98 Degrees" in 2002, but as Simpson's star quickly rose she amassed a fortune and gained more earning power. The couple that starred in MTV reality show "Newlyweds: Nick and Jessica," ended up separating in the fall of 2005 citing "irreconcilable differences." Simpson was worth more than $35 million at that point. Simpson's father reportedly offered Lachey a $1.5 million settlement, but Lachey refused. He ultimately walked away with more, but considerably less than what was earned during the marriage.
  • Kim Basinger and Alec Baldwin
    Actor Alec Baldwin ignored advice from his advisors to get a prenuptial agreement, believing that he and actress Kim Basinger wouldn't part. The couple met on the set of "The Marrying Man" in 1991 and married two years later. The two stars began their bitter split in 2000 with Basinger filing for divorce. It was finalized in 2002 and continued a tumultuous custody battle.
  • Roseanne Barr and Tom Arnold
    Comedienne Roseanne Barr fired her attorney for suggesting that she sign a prenuptial agreement with "True Lies" actor Tom Arnold who had also worked as a writer on Barr's sitcom "Roseanne." They married in January of 1990 but split four years later. Arnold is reported to have walked away with a healthy $50 million.

Hollywood relationships are often fleeting. Having an iron-clad prenuptial agreements may help alleviate some of the trauma of a publicized celebrity divorce. (Learn more about divorce in Get Through A Divorce With Your Finances Intact.)

Related Articles
  1. Retirement

    The Gay Couple's Guide to Social Security Benefits

    The recent U.S. Supreme Court decision on marriage equality affords same-sex couples access to Social Security benefits. Here's how it works.
  2. Retirement

    Early Out: A Realistic Plan to Retire Younger

    If you want to retire ahead of schedule, it'll take some extra planning.
  3. Retirement

    Smart Ways to Tap Your Retirement Portfolio

    A rundown of strategies, from what to liquidate first to how much to withdraw, along with their tax consquences.
  4. Retirement

    Is it Safe for Retirees to Invest in Technology?

    Tech stocks are volatile creatures, but there are ways even risk-adverse retirees can reap rewards from them. Here are some strategies.
  5. Retirement

    Roth IRAs Tutorial

    This comprehensive guide goes through what a Roth IRA is and how to set one up, contribute to it and withdraw from it.
  6. Retirement

    Retirees: How to Survive When Interest Rates Drop

    Low interest rates are a portfolio killer if you're living off of investment income. Some strategies for dealing.
  7. Insurance

    Beware the Sneaky Math of Universal Life Insurance

    Universal life insurance's cash value can be a cash cow – if there's any left. Read on to see if it'll work as an income source after you've retired.
  8. Retirement

    Shopping the New Retirement Products

    There are more options than ever for retirement portfolios these days. Choosing the right product comes down to your needs, time and management style.
  9. Mutual Funds & ETFs

    Top 3 PIMCO Funds for Retirement Diversification in 2016

    Explore analyses of the top three PIMCO funds for 2016 and learn how these funds can be used to create a diversified retirement portfolio.
  10. Estate Planning

    Estate Planning: 16 Things To Do Before You Die

    If you don’t plan your estate, your surviving family may have to deal with disputes and probate that were avoidable.
RELATED FAQS
  1. Am I losing the right to collect spousal Social Security benefits before I collect ...

    The short answer is yes, if you haven't reached age 62 by December 31, 2015. The Bipartisan Budget Act of 2015 disrupted ... Read Full Answer >>
  2. What is the maximum I can receive from my Social Security retirement benefit?

    The maximum monthly Social Security benefit payment for a person retiring in 2016 at full retirement age is $2,639. However, ... Read Full Answer >>
  3. Are target-date retirement funds good investments?

    The main benefit of target-date retirement funds is convenience. If you really don't want to bother with your retirement ... Read Full Answer >>
  4. Where else can I save for retirement after I max out my Roth IRA?

    With uncertainty about the sustainability of Social Security benefits for future retirees, a lot of responsibility for saving ... Read Full Answer >>
  5. Will quitting your job hurt your 401(k)?

    Quitting a job doesn't have to impact a 401(k) balance negatively. In fact, it may actually help in the long run. When leaving ... Read Full Answer >>
  6. How does my spousal Social Security benefit work?

    If you have never worked or paid Social Security taxes, you will not be eligible to receive Social Security retirement benefits ... Read Full Answer >>
Hot Definitions
  1. Liquidation Margin

    Liquidation margin refers to the value of all of the equity positions in a margin account. If an investor or trader holds ...
  2. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  3. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  4. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  5. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
Trading Center