Family lawyer says it’s never been a more appropriate time to consider a Pre-Nup
Article date: 02/05/2013
As many of us marveled at the Sunday Times' Rich List recently, those looking more closely will have noticed the emergence of a new super-wealthy individual - the divorcee.
Six of the top 50 richest people were individuals who accumulated their wealth by virtue of their divorce settlement.
One person taking a keen interest in the list is Kelly Perks, a specialist family lawyer at Black Country law firm, Higgs & Sons. Kelly acts for a diverse range of people in the region, but is a specialist divorce adviser to high-net-worth individuals.
"It's fair to say that many of the divorcees on the list work hard in their own right." says Kelly.
Slavika Ecclestone topped the Sunday Times' Rich List in the 'richest divorcees' category after she was awarded an estimated £740millionin her divorce from Formula One boss Bernie Ecclestone.
Second in the list was Irina Malandina who walked away with a reported £155million in 2007 from her divorce to Russian Roman Abramovich, one of the richest men in the world.
Kelly says "It's never been a better time to protect assets at the outset of a relationship. Although not legally binding in the UK, in the right circumstances Pre-Nuptial Agreements are given decisive weight by the Court.
At the very least, Pre-Nuptial Agreements are useful financial planning tools that provide reassurance that marriages are based upon love rather than material desire.
In the landmark case of Radmacher v Granatino the Supreme Court stated that the court should give effect to a Pre-Nuptial Agreement that is freely entered into by each party with a full appreciation of its implications unless in the circumstances prevailing it would not be fair to hold the parties to their agreement. As such the Court has recognised the validity of such contracts and individuals are now able to safeguard their wealth and property from a claim upon divorce.
These agreements are not just for the rich and famous, and I would urge anyone entering into a long-term relationship to seek specialist legal advice."
Higgs & Sons works from two offices in the Black Country - Waterfront Business Park in Brierley Hill and Kingswinford. The firm employs over 200 people, which includes over 100 specialist lawyers.
To find out how Kelly and the family team can support your business call 0845 111 5050 or email Kelly.firstname.lastname@example.org.