Bruce and Kris Jenner Separate
On Tuesday, October 8, 2013, Kris and Bruce announced their separation after 22 years of marriage. Bruce Jenner won the gold medal in the Decathlon at the Montreal 1976 Summer Olympics. They have not confirmed any intentions to divorce, and are reportedly on good terms with each other.
If they do decide to divorce, they will be battling over an alleged $125-million net worth, since no prenuptial agreement was ever signed. In Ontario, prenuptial agreements are referred to as "Domestic Contracts".
While many are shocked by the lack of a prenuptial agreement between the power couple, people must remember that Bruce and Kris were married long before the debut of their popular reality television show, "Keeping up with the Kardashians," which reportedly brings in $40 million. Bruce is contractually obligated to appear in at least another season; like they say, "The show must go on. "It's possible that they are holding off on divorcing because it could jeopardize the show, which documents their life together.
Given the length of the Jenner's marriage and the wealth acquired by each spouse since they married in 1991, we can expect to see a fair equalization of net family property. "Equalization" in Ontario refers to the equal division of wealth acquired by a couple during the course of their marriage.
As news of their split only became public last week, we will have to wait to see whether a divorce is on the horizon.