It has been reported that Paul McCartney is not to enter into a
prenuptial agreement
with his soon to be wife, Nancy Shevell. This is only 3 years
after his second marriage ended in an acrimonious divorce where his
ex wife was reportedly awarded £24.3million.
McCartney has been quoted as saying "I just like being in love"
when asked to comment on his relationship with Nancy Shevell.
He remains optimistic about affairs of the heart.
You will, no doubt, have read about other cases in the media
recently where footballers or celebrities are regretting not having
entered into such agreements.
Prenuptial agreements are a way for couples, before they enter
into marriage or a civil partnership, to agree what will happen to
their assets if they were ever to separate. It is also possible to
make specific financial provision in line with the couple's
wishes. Such agreements are generally thought of as being for
the "wealthy" but more and more "ordinary people" are putting
them in place.
Prenuptial agreements can be particularly suited to those
entering into marriage or civil partnership where there is an
imbalance in the value of their respective assets. The idea is
often to "ring-fence" such assets in the event of a divorce or
separation.
Whilst the concept of prenuptial agreements has not been widely
looked at by the Courts in Scotland it is felt that if both parties
to the agreement are independently advised and neither party is
"forced" to sign, the Courts are highly unlikely to ignore the
provisions of the agreement.
It is of course critical that specialist advice is sought when
thinking about putting such an agreement in place.
Call our specialist team now for advice on
prenuptial agreements and all areas of Family Law.