25 February 2010
Lack of pre-nup 'may cost Cheryl and Ashley Cole'
The lack of a pre-nuptial agreement between celebrity couple Cheryl and Ashley Cole may cost the pair, it has been claimed.
It has been announced that the Girls Aloud singer and X-Factor judge and her footballer spouse are to separate following months of speculation.
Between them, they have assets worth around £22 million but, prior to tying the knot, they did not deem it appropriate to have an agreement in place concerning how their possessions would be divided in the event of a break-up.
Top divorce lawyer from Russell Jones & Walker Amanda McAlister noted that the law currently states that pre-nups are not legally binding.
However, following a decision in the Court of Appeal in July last year, it was ruled that such documents can carry a lot of weight.
Ms McAlister went on to point out that certain elements need to be met before a pre-nuptial agreement can be considered binding.
For example, both parties need independent legal advice and full financial disclosure must have been made.