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Wednesday, April 6, 2011

Royal finances: Will Kate be signing a prenup?


The prince is set to wed his longtime love Kate Middleton on April 29, but if history is any guide, divorce lawyers say the second-in-line to the British throne would be well advised to sign a prenuptial agreement. -- PHOTO: AFP

LONDON - BRITISH divorce lawyers have words of warning for Prince William: Not all fairy tales have happy endings.

The prince is set to wed his longtime love Kate Middleton on April 29, but if history is any guide, divorce lawyers say the second-in-line to the British throne would be well advised to sign a prenuptial agreement.


'It's an absolute statistical no-brainer that a prenuptial agreement would be highly beneficial in this case,' said divorce lawyer James Stewart from the firm Manches, which handled the multimillion divorce case between Madonna and director Guy Ritchie.

Britain's royal family has been plagued by a string of failed marriages. Three of Queen Elizabeth II's four children have been divorced, and William's uncle on his mother's side, Charles Spencer, has two ex-wives.

Prince William's office declined to comment on whether the future king might sign a premarital contract.

Although prenuptial agreements are common in the United States, in Britain they remain rare for most couples - never mind the royal family. British courts agreed to recognise such deals only in the last year after a slew of high-profile divorce awards gave London a reputation as the 'divorce capital of the world.' -- AP

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