But will they get a Pre-Nuptial Agreement?
It seems that the announcement has been made which half the world has been waiting for. Taylor Swift and Travis Kelce have announced their engagement.
Unequal Wealth
With Taylor having a reported wealth of $1.6 billion and Travis (a mere) $70 million, the question has to be asked, will they be getting a Pre-Nuptial Agreement before they get married?
Whilst they have vastly different wealth to most of us, proportionate it down to what an average couple may be worth. With couples getting married later in life and a rise in second marriages, it is very often the position that one party is worth more than the other.
Why Bother with a Pre-Nuptial Agreement?
You do not enter a marriage thinking or believing that it will fail. You enter a marriage believing that it is a lifetime commitment for the both of you. Indeed, one of the first clauses which we place within the Nuptial Agreement reflects that very sentiment.
We have seen a rise in the number of clients wanting to enter into a nuptial agreement. Going into the marriage knowing that, in the event that it unfortunately fails, you are both financially taken care.
There is a myth that the nuptial agreements are “not worth the paper they are written on”. In fact the court’s look favourably upon nuptial agreements, proving the following criteria are met:
- a pre-nuptial agreement MUST be signed at least 4 weeks before the wedding. (please do come into see us about 5 months before the wedding (or earlier!))
- you must provide financial disclosure to each other
- you must both have the opportunity of seeking independent legal advice
- the nuptial agreement must still be fair
If you are considering a nuptial agreement, please do not hesitate to contact the Family Department at Lawson West Solicitors 0116 212 1000.