Should Celebrities Be The Only Ones To Get Uk Prenup Agreements?
Many people only hear about prenuptial agreements being used by the rich and famous
. However even though they are - they are also used by everyday people. The US set an example with a majority of couples getting a prenup before they are married. The UK is still somewhat behind, but UK prenups are on the increase.
But the flip side of this belief is that such agreements apply only to celebrities and not to anyone living in 'the real world'. Nothing could be further from the truth. Indeed as you find out more about what a UK Prenup agreement is and how it can affect your married life, you may see why so many celebrities do prefer to get married with one in place.
The key to why many celebrities do opt for UK Prenup agreements is to do with money. The chances are that if you have heard about a celebrity marriage coming up and you hear the words 'pre-nuptial agreement' surfacing, at least one of the two partners in the relationship has money. The idea of a UK pre-nuptial agreement is to protect the assets that either of the partners comes into the marriage with. This means that should anything happen to cause a divorce, the terms of the agreement are considered to have an influence on the divorce settlement.
It is proper to note here that as of this date no UK Prenup agreements are formally recognised as being lawful documents. However with this said, it is possible that the judge presiding over a divorce will consider the presence of a UK pre-nuptial agreement - especially if both parties received independent advice from specialist divorce solicitors before signing the document. It has certainly occurred in cases that have reached the divorce courts already, so it is wise to consider the potential ramifications for the future as well.
Most of the time an agreement is a good idea if there is a lot of money involved in the marriage. Experienced divorce solicitors will often recommend the consideration of a prenuptial agreement if one partner is worth considerably more money than the other, or has the potential to be according to a possible inheritance. But even if both partners have sizeable assets it is worth setting both their wishes down in a UK pre-nuptial agreement prior to the marriage taking place.
We tend to identify celebrities as being the most likely people to go down the pre-nup route. But as we have seen here, many people may have assets they would wish to protect if the marriage eventually broke down. This is why UK Prenup agreements are such a good idea for many couples, regardless of whether they are famous or not.
by: Tim Bishop
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