Family Law Prof Blog

Editor: Margaret Ryznar
Indiana University
Robert H. McKinney School of Law

Monday, April 23, 2018

Celebrity Prenups

From Women's Health:

Prince Harry said he knew Meghan Markle was the one the first time they met. Now he's showing his confidence in their union by rejecting a prenuptial agreement, reports Daily Mail.

"There was never any question in Harry’s mind that he would sign a prenup," one of his friends told Daily Mail. "He’s determined that his marriage will be a lasting one, so there’s no need for him to sign anything."

Okay, but real talk: For one, prenups aren't legally enforceable in the UK, notes Daily Mailalthough they are taken under consideration in divorce cases. And Harry isn't the only royal who has shunned the prenup. Prince William and Kate Middleton reportedly didn't sign one before their wedding, according to Town and Country, and neither did their mother, Princess Diana.

Prenups are about more than just uncertainty in a marriage. Any couple who brings personal or business assets to the union can benefit from one.

The most basic of these contracts lists an inventory of premarital assets that would stay with the original owner in case of a divorce. The agreement can also include monetary support during and after a marriage, child support, and how future income or additional assets like inheritance will be shared (or not shared) if the couple splits.

Prenups are primarily beneficial to the person who enters the marriage with a larger net worth, because it means their assets are protected. But it can also be helpful for the spouse who earns less, because they can make sure they are financially supported in the event of a split.

While Harry didn't draw up any premartial paperwork, other celeb couples have taken a more aggressive approach to protecting their assets. Here, some of the juiciest celeb prenups known to the public—which cover everything from cheating to drug abuse.

Read more here.

http://lawprofessors.typepad.com/family_law/2018/04/from-womens-health-prince-harrysaidhe-knewmeghan-markle-was-the-onethe-first-time-they-met-now-hes-showing-his-confidence.html

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