The new Solicitors Accounts Rules: what has changed?
Our clients frequently come to us with the understanding that where they marry is relevant to where they will get divorced. They assume there is a connection to that place and that there is no choice therefore as to where they might get divorced. These assumptions are wrong and an already complex picture is even more confusing for international couples when it comes to pre-nuptial agreements.
The Law Commission’s February reforms, outlining measures to make it easier for separating couples to manage their financial affairs, recommended that the law should give greater recognition to
private ‘qualifying’ pre-nuptial agreements, which have been growing in popularity despite the fact that they are not currently legally binding. That’s all well and good for English agreements for English couples,
who will benefit from greater economic certainty and protection against the discretionary powers of the English courts should their marriage breakdown — statistically a one-in-three chance.
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