British Women Look to Prenuptial Agreements

Wolstenholmes Family Law Solicitors reports increase in prenups in Manchester, as wealthy wives seek to protect assets. Katie Price and Peter Andre are currently bashing out the intricacies of their prenuptial.

Hugh Hefner’s ex wife Kimberly Conrad is suing her ex husband for reneging on their premarital agreement. However Prenuptial Agreements are not solely for the rich and famous. A recent survey by Wolstenholmes Family Law Solicitors found that over half of unmarried British people (56%) would consider a prenuptial agreement. They are certainly useful when contesting divorce.A prenuptial or premarital agreement is a contract entered into before marriage, outlining any future division of assets. Prenuptial agreements are not recognised by law in the UK. However the tide is turning – this year, a landmark case at the High Court in London recognised the German Heiress Katrin Radmacher’s right to keep her fortune, based on a Prenuptial. This could have an effect on the behaviour of others contesting divorce.

One of Wolstenholmes’ Family Law Solicitors, Kirsty Bowers, said:

“We are seeing a rise in the number of Prenuptial agreements instigated by women. Recent events in the press where we see celebrities contesting divorce are encouraging financially independent women to think about how best to protect their assets.”

This somewhat unromantic trend started in America but is gaining impetus this side of the pond, as high profile women and mothers are influencing the decisions of British women. However, it is important to note that the Courts have final say in the division of assets and child responsibility when contesting divorce. Kirsty summarises the benefits to a prenup thus:
“Prenups are increasingly taken into consideration by the courts and can help to avoid the risk of a major loss of assets, income, or a family business. If you are marrying for a second or third time, they are of particular benefit if the previous marriage resulted in children”

Established in 1818, Wolstenholmes has been providing legal expertise for private and commercial clients for almost two centuries. The firm today provides legal services to clients with local, regional, national and international operations. To speak to specialist Family Law Solicitors call us direct on 0800 8620319.

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