Family Law Awards 2020
Shortlist announced - time to place your vote!
Court of Protection Practice 2020
'Court of Protection Practice goes from strength to strength, having...
Jackson's Matrimonial Finance Tenth Edition
Jackson's Matrimonial Finance is an authoritative specialist text...
Latest articles
Practical aspects to assessing competence in children
Rebecca Stevens, Partner, Royds Withy KingThis is an article regarding the practical aspects to assessing competence in children. The article explores a range of practicalities, such as meeting a...
Scrumping the crop of recent pension decisions
Rhys Taylor, 36 Family and 30 Park PlaceJonathan Galbraith, Mathieson Consulting2020 has thus far proved to be a memorable year for all the wrong reasons, but nonetheless it remains an interesting one...
Conduct in financial remedies – when is it now a relevant consideration?
Rachel Gillman, 1 GC/Family LawThis article provides an overview of all aspects of financial misconduct following the recent decision of Mostyn J in OG v AG [2020] EWFC 52, wherein all aspects of...
The treatment of RSUs/Stock Options in light of XW v XH
Peter Mitchell QC, 29 Bedford RowStock Options and Restricted Stock Units (RSUs) are frequently encountered by the Family Court when dividing property on divorce or dissolution of a Civil Partnership....
Hundreds of thousands of companies worldwide fall victims to hackers every year. Is your firm one of them?
SPONSORED CONTENT Image source: Information is beautifulYou and other lawyers and legal assistants in your firm likely have accounts on the hacked websites listed in the image above. If a hacker...
View all articles

Increase in use of prenups amongst wealthy younger men

Sep 29, 2018, 17:29 PM
Slug : increase-in-use-of-prenups-amongst-wealthy-younger-men
Meta Title :
Meta Keywords :
Canonical URL :
Trending Article : No
Prioritise In Trending Articles : No
Date : Jul 19, 2010, 09:50 AM
Article ID : 91191

Prenuptial Agreement - Copyright iStockphoto/KLH49Men under 45 you are three times more likely to have a prenuptial agreement than those over 45, according to new research by family lawyers at Mishcon de Reya.

The firm carried out the research amongst 200 City high flyers and others earning more than £100,000 a year. Nearly two thirds (63%) of all those asked believe in an equal splitting of the marital assets on divorce, but for those aged under 45, this figure radically drops by a third to just 33%.

Of the 40% of men under 45 who don't believe in the equal splitting of assets, three quarters of them state that because they make a far greater financial contribution to the relationship, they should therefore be entitled to more. In addition, 50% feel their wife should only be entitled to as much money as she would need to look after their children and no more - a 20% increase from the overall sample.

Almost one in five (17%) of the men under 45 questioned have a prenuptial agreement compared to just 5% of those over 45, who tend to be more idealistic in their views of marriage.

Barbara Reeves, partner of Mishcon de Reya, said: "When it comes to marriage, men's focus may be more short term whereas women are generally more concerned about their long term financial security. It's interesting to see a new generation of men starting to take financial precautions to protect their wealth and it's certainly something we've seen an increase in recently.

"It's not surprising that older men are more idealistic in their views of marriage, as they're likely to have been married longer and have a more settled family life. However, they could be at the most risk because of this. It's likely that the older you are, the more wealth you will have accumulated."

The Supreme Court is currently considering the case of Radmacher v Granatino. German heiress Katrin Radmacher, worth £100 million, is fighting to get a pre-nuptial agreement her husband signed made enforceable to protect her personal wealth. The Court's decision is not likely to be handed down until October, according to sources at the Supreme Court.

Categories :
  • News
Tags :
Provider :
Product Bucket :
Recommend These Products
Load more comments
Comment by from