News

18

May

Harry and Meghan: Prenup or No Prenup? That is the question ...

 

The banns have been read, the dress has been fitted, and the nation is poised for a glorious Royal Wedding.

No matter the size of the wedding, anyone who has helped to arrange one will know that hours upon hours of work go into them.

One of the most important jobs on the To-Do list for wealthy couples is often to have a Prenuptial Agreement drafted and signed. Prenups are designed to protect the parties’ individual wealth in the event of a divorce later down the line. We know Royals are not immune to divorce, but they are also traditonalists who might find the idea of hedging their bets to be distasteful.

If the rumours are true, Harry and Meghan are not having a Prenup. If one of the most modern and forward-thinking royal couples are choosing not to have one, wbut is this a good idea?

What if there's a Royal Divorce?

The same divorce law that applies to the rest of us will apply to them.

Presumably, each party would instruct a divorce solicitor and commence proceedings in this jurisdiction. Any couple going through a divorce will usually be advised to try to negotiate a settlement without going through stressful and expensive litigation. They will follow a disclosure procedure, and try to reach a compromise, with a legally binding agreement being drafted to protect them.

So would a Prenup be a good idea for you - whether or not you're royal?

If you are bringing personal wealth into a marriage which you would like to protect, particularly if you have children from a previous relationship or this is a second marriage, then yes. We would recommend making an appointment with one of our family law specialists at least 3 months before the wedding is due to take place so we can fully advise you on the options, cost, risks, and benefits.

Our Family Law department's telephone number is 01245 264494.

Harry and Meghan Markle - Marriage without Prenup (image: thewrap.com) Harry and Meghan Markle - Marriage without Prenup (image: thewrap.com)

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