With an estimated net worth of £28 million, you’d be forgiven for thinking Prince Harry is keeping his cards – or debit card – close to his chest ahead of his royal wedding to Meghan Markle in May. However, the Daily Mail reports the 33-year-old royal has decided not to sign a prenuptial agreement with his bride-to-be.
The publication quotes a source (naturally) who reveals: “there was never any question in Harry’s mind that he would sign a prenup. He’s determined that his marriage will be a lasting one, so there’s no need for him to sign anything.“
Contrary to the US, prenups are not a common phenomenon in the UK and they are not always enforceable by law.
Quality Solicitors explains that in the UK, “prenuptial agreements are not always legally binding, but the courts need a good reason to not uphold them in the UK.”
The current state of the law is that the court should give effect to a nuptial agreement that is freely entered into by each party with a full appreciation of its implications unless in the circumstances prevailing it would not be fair to hold the parties to the agreement.
Basically, a prenup doesn’t carry the same weight as a court order and will not automatically be upheld or enforced.
Also according to the Daily Mail, Prince Harry inherited approximately £13 million in a trust from his late mother, Prince Diana, on his 30th birthday and gained access to an investment profit worth a whopping £323,000.
Meanwhile, Celebrity Net Worth calculates Markle’s net worth at around £3.7 million following her acting career.
However, while Harry’s gesture may seem romantic and unprecedented for the Royal Family, the Express reports that neither Prince William nor Prince Charles drew up prenups before their marriages.
Another source says: “Even after Charles’ horrific divorce with Diana, he chose not to take out a prenup. (Prince Harry) will be guided by family, despite advisors around him saying you should think about this.“
Sourced from Elle Magazine
