News


Rise in Pre Nups

27th May, 2014

Over the Bank Holiday weekend, there were reports that one of the biggest couples in America, Kanye West and Kim Kardashian, had finally got married – with the ceremony being preceded by a pre-nuptial agreement.

According to reports, the couple have signed an “iron-clad” pre-nuptial agreement worth in excess of £82 million, and includes a clause which would see Kanye West face a £6 million bill if he cheats on Kim Kardashian.

Whilst reports have suggested that Kanye and Kim have signed a pre-nuptial agreement, in England and Wales such agreements are not legally binding; however, over recent years there has been a significant increase in the number of couples who are signing agreements before getting married.

Figures suggest that the increase in couples signing pre-nuptials follows a ruling four years ago, when a Supreme Judge ruled that a claim from an ex-husband to receive in excess of £5 billion of his ex-wife’s estate was not acceptable, in light of a pre-nuptial agreement the couple had signed. As such, the judge ruled that the ex-husband should only receive £1 million.

Although pre-nuptials are not currently legally binding within England and Wales, they are taken into consideration when a judge is making a decision in regards to financial assets during a divorce hearing – and for those couples who wish to sign such an agreement, our family law solicitors in Lincoln can assist.

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We can help you with all aspects of family law from children’s issues, financial issues, divorce and separation to pre-nuptial agreements.

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