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UK Court Supports Pre-Nup


 

The Court of Appeal has seemingly turned the law on pre-nuptial agreements on its head in a landmark ruling this week.

The Court ruled that the husband of a German heiress should receive only about £1 million from her estimated £100 million fortune after their divorce, because he had signed a ‘pre-nup’ to waive any rights to her wealth should they divorce. He will also have approximately £700,000 in debts paid off and will have a house provided until the couple’s daughter reaches the age of 22.

The lower court had awarded him £5.6 million. The couple married in 1998 and the marriage broke down when the husband left his job as an investment banker to become a university researcher.

An appeal is likely.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
 
 

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