Pre-nuptial agreements: wedding bells or alarm bells?
Entering into a marriage or civil partnership is one of life’s greatest events but is also big business; tens of thousands of pounds are spent by couples on celebrating their ‘big day’. And yet, in spite of being prepared to spend a small fortune on the ceremony, most enter into a life-long commitment with little or no regard for the financial consequences of their relationship breaking down.
Sadly, for every 10 marriages that take place in England there are five divorces. In Jersey, in 2011, one in five adults resident in Jersey had undergone a divorce or formal separation; in Guernsey over recent years, there have been half as many decrees of divorce issued as there have been marriage ceremonies.
Public policy deemed that it was wrong to agree financial provision to cover an eventual marriage breakdown at the outset of the marriage: paternalistic Victorians felt that this would discourage spouses from working at their marriage. Pre-nuptial agreements were rarely encountered in England unless they had been entered into overseas…
Click on the link below to read the rest of the Carey Olsen briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Carey Olsen
News from The Lawyer
Briefings from Carey Olsen
Accelerated timetable for amalgamations, migrations and takeovers.
Recently a market has developed for hedging longevity risk through the global reinsurance market.