Planning a wedding? Don’t forget the pre-nup
A recent Supreme Court decision, stemming from the ultra-high-net-worth Standish v. Standish case, has upheld the Court of Appeal’s ruling, unanimously dismissing Mrs. Standish’s appeal. This case, involving £77 million in assets, provides crucial insights into the distinction between matrimonial and non-matrimonial property.
Anna Patsalides, Associate Solicitor in our Family department, breaks down the ruling, and highlights why Pre-Nuptial and Post-Nuptial Agreements are more vital than ever for those with significant wealth, in her article which has been published in LBC, amongst other publications.
“The matter concerns Mr and Mrs Standish and is an ultra-high-net-worth case. Mr Standish had a very successful career in financial services and generated the majority of his wealth before meeting Mrs Standish and having two children together. In 2017, following tax planning advice, Mr Standish transferred assets worth £77 million to Mrs Standish on the understanding that those assets would be settled in trust for the benefit of the children. But before this was done, Mrs Standish filed for divorce…”
To read Anna’s full article, visit the link here: Planning a wedding? Don’t forget the pre-nup – LBC
Disclaimer: General Information Provided Only
Please note that the contents of this article are intended solely for general information purposes and should not be considered as legal advice. We cannot be held responsible for any loss resulting from actions or inactions taken based on this article.
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