We bet Katie wished she had a Pre-Nup
Now Katie Price has confirmed that she and her husband Alex Reid are separating it seems probable that a divorce will follow. If true, will she regret not having a pre-nup?
Pre-nuptial agreements are often used when celebrities and the rich marry, despite them not being legally binding in England and Wales.
There are cases though where a prenup have been upheld. In the recent case of Radmacher versus Granatino the court upheld the pre nup and Mr Granatino’s settlement was reduced from £5m to £1m. The decision being that the courts may give effect to pre-nups freely entered into by both parties with a full appreciation of its implications.
Given such a decision, Katie Price may well have protected her fortune had she had a pre-nup. Who knows why she decided against it?
Maybe she knew she ran the risk of the pre-nup being disregarded by the courts as “unfair” if Alex argued emotional duress. After all it was somewhat of a quick engagement.
Or perhaps she never thought the marriage would last long and decided to take the risk of the courts deciding a settlement based on the relatively short length of the marriage and excluding some or all of her amassed wealth.
Whatever the reason, if it had been a longer marriage the outcome could have been extremely negative for Katie simply because she hadn't entered into an agreement before marriage.
Pre-nuptial agreements are often used when celebrities and the rich marry, despite them not being legally binding in England and Wales.
There are cases though where a prenup have been upheld. In the recent case of Radmacher versus Granatino the court upheld the pre nup and Mr Granatino’s settlement was reduced from £5m to £1m. The decision being that the courts may give effect to pre-nups freely entered into by both parties with a full appreciation of its implications.
Given such a decision, Katie Price may well have protected her fortune had she had a pre-nup. Who knows why she decided against it?
Maybe she knew she ran the risk of the pre-nup being disregarded by the courts as “unfair” if Alex argued emotional duress. After all it was somewhat of a quick engagement.
Or perhaps she never thought the marriage would last long and decided to take the risk of the courts deciding a settlement based on the relatively short length of the marriage and excluding some or all of her amassed wealth.
Whatever the reason, if it had been a longer marriage the outcome could have been extremely negative for Katie simply because she hadn't entered into an agreement before marriage.
Labels: pre-nuptial agreement

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