28 October 2010
Law Society welcomes pre-nuptial agreements decision
A new Supreme Court ruling on pre-nuptial agreements is a vital development for the thousands of people up and down the UK considering the possibility of getting married.
That is according to Law Society president Linda Lee, who has said that the new legal process behind these contractual arrangements should help to end the climate of uncertainty surrounding pre-nuptials currently.
She explained that prior to this ruling, any agreement on how assets should be divided following a divorce were not legally binding, although any judge could "take them into account to a limited extent in reaching a decision".
However, this is now not the case, as the new legislation passed "makes it clear that properly drafted agreements could be binding on the parties", the official from the organisation - which represents solicitors in all legal areas within England and Wales - added.
The expert concluded that pre-nuptial agreements will now become more popular in the UK following this clarification.
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Posted by Cheryl Bennett