Romance is in the air as Prince William officially announces his engagement to Kate Middleton. The couple have been on and off again for eight years, and the Prince of Wales proposed in October with his mother’s, the late Princess Diana, engagement ring.
Amidst the anticipation for the royal nuptials are the hesitations that the past decade of royal divorces that have struck the Windsor name. Patrick Jephson, Princess Diana’s secretary, has said that he would urge Middleton to get a prenuptial agreement, according to People magazine.
No official statement has been release about whether or not the royal couple will draft a prenup, but with a recent history scarred with divorces, a lot is riding on the longevity of the recent engagements. Privacy agreements would also be covered in the prenup, to ensure how things are handled with the press.
The Benefits of A Prenup
Nothing kills romance faster than one word: prenup. However, especially in the case of a couple who differ greatly in wealth, it may be a practical necessity. A prenuptial is an agreement between two people about to wed that spells out how the assets will be divided in the event of a divorce or death. Considering the record for divorces that the royal family has established, it would be a practical safety guard to properly and effectively deal with a situation that has been seen too many times.
Even for those who are less wealthy than royalty, a prenup can be a wise decision, especially to safe-guard any small nest egg that you may save up on your own. The agreement also outlines how assets will be divided, especially upon disagreement between parties during a divorce. Without an agreement, you are letting a third party divvy up all finances and personal property.
Whether or not Prince William and Kate Middleton sign a prenuptial agreement, there is practical benefit to signing one. Although not a romantic discussion to have with your future bride or groom, the discussion about prenuptial agreements is an important aspect of your future.