04/20/2011 03:20 pm ET Updated Jun 20, 2011

Prenuptial Agreement Planning: Do You Need One?

"No prenup!" headlines gasped last year as Kelsey and Camille Grammer's divorce went public. The star of Frasier reportedly is paying $50 million -- serious money even by Hollywood standards -- in the divorce settlement with his wife of 13 years.

Other celebrities take a more pragmatic attitude to love. Katie Holmes and Tom Cruise's 2006 marriage agreement included a contract paying Holmes $3 million for each year they're married, up to $33 million for 11 years of wedded bliss, in addition to a sizable house, reports said. After that, California law entitles her to half of Tom's money should the marriage end.

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