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Supreme Court to rule on prenuptial agreements

The UK Supreme Court will this week rule on the validity of prenuptial agreements and whether the parties involved should be bound by what can in many cases be fairly old agreements. The situation has come to a head because of a high-profile and highly expensive divorce hearing where an initial prenuptial agreement saw the gentleman in question receiving £1 million upon divorce although his ex-wife has since confirmed her fortune to be in excess of £100 million.

Prenuptial agreements are enforceable in Europe and the US but within the UK they are basically seen as guidelines and have been successfully challenged by many divorcees. It will be interesting to see how the Supreme Court rules this week and whether the agreements are literally worth the paper they are written on. It is unclear why prenuptial agreements, which are perfectly legal and binding arrangements, are not enforceable in the UK - which begs the question, why do we have prenuptial agreements in the first place?

There is great discussion with in legal circles regarding prenuptial agreements although once and for all we should see this situation clarified over the next week. Many couples will be watching the developments with concern, regarding the future dividing of assets where marriages break down - especially those with assets in the millions of pounds!

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