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No Prenups In The UK

Started by Waylon, Dec 19, 2008, 06:32:20 AM

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Waylon

UK court rejects enforcement of prenuptial pacts

By ROBERT BARR

LONDON (AP) — Prenup? Forget it for now in Britain.

A court ruling has made it worthwhile to wait at least until the honeymoon to thrash out the details of a separation.

In the case of two Americans who live in the British territory of the Isle of Man, judges on Wednesday affirmed the validity of arrangements made after the wedding, rebuffing the ex-wife's attempt to gain a larger share of her former husband's fortune than the pair had agreed to.

But the Judicial Committee of the Privy Council — the highest appeal court for British territories — also said it would keep to its rule that agreements made before a marriage are contrary to public policy, leaving it up to British lawmakers whether to follow the United States, Australia, Russia, Germany and others in recognizing prenuptial agreements.

Lawyers said the ruling was a disappointment for wealthy clients who are turning to such agreements to secure their fortunes in case of divorce.

Full Story: http://www.google.com/hostednews/ap/article/ALeqM5i0E7aem6ih17ryV5XBHz2w3l_oCAD955BUHO0
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