15 February 2007
Prenuptials on the rise
The number of couples opting to draw up prenuptial agreements before marrying is on the increase, according to new research.
According to insurers More Than, the number of agreements signed by engaged couples has risen by as much as 500 per cent since 2002, with more apparently concerned about the legal implications of a divorce later on.
It is estimated that at least half of all first marriages end in divorce, leading to potentially messy legal wranglings about who has rights to shared property or funds.
Prenuptials, usually the domain of celebrity couples including Michael Douglas and Catherine Zeta Jones, now appear to be getting more common among the public.
And figures from the Office of National Statistics (ONS) suggest that they could be having a positive effect on divorce rates, with the number of couples splitting up falling by eight per cent since 2002.