It has recently been reported in the Daily Mail that glamour model Katie Price may be walking down the aisle a lot sooner than we think. Katie got engaged to her fiancé, Kieran Hayler on Christmas Day after only dating for a few weeks and it has been reported that the couple may be set to marry this week! This will be the third time that Katie has uttered the infamous words of “I do” and the article above refers to the fact that her friends are a bit sceptical as to whether the marriage will last. However Katie needs to be aware of the financial consequences for herself if she marries the 25 year old stripper and builder. The article fails to mention whether Katie has asked her fiancé to enter into a Pre-Nuptial Agreement (‘pre-nup’) in order to protect her wealth and that would be the first bit of legal advice I would be offering to the celebrity. A pre-nup is basically a contract that is entered into before marriage and allows couples to plan financially should their Relationship Breakdown. The problem for Katie if she does plan to marry Kieran this week is that a pre-nup should be entered into at least 21 days before the wedding otherwise Kieran could say that he was under duress to sign the agreement. In these circumstances, little weight could be added to the agreement. It should also be noted that pre-nups are not yet legally binding in England and Wales and if anyone is considering entering into this type of agreement, then it is important to seek Legal Advice as there are a number of factors that need to be taken into account when entering into it and what will make the agreement as secure as possible.
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