Avoiding an Own Goal: Why Athletes Need Pre-Nups in England & Wales
Tiger Woods. Michael Jordan. Ryan Giggs. Few things are as stressful – or potentially reputationally damaging and disruptive – as a divorce.
Pre-nuptial agreements (contracts entered into before marriage setting out how assets will be divided in the event of divorce) can provide athletes (and those advising them) with greater peace of mind, both in terms of what may happen if a marriage breaks down and making sure those details are kept private. This can be particularly important for international sports stars.
This article examines why pre-nuptial agreements are valuable tools for athletes and their advisors. It explores the benefits of such agreements, including asset protection and confidentiality provisions, and explains the legal requirements for ensuring they are upheld by courts in England and Wales. The article concludes with practical tips for structuring effective agreements.
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- Tags: Contract Law | Dispute Resolution | Divorce | Matrimonial Causes Act 1973 | Prenuptial Agreement | UK | Victims and Prisoners Act 2024
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Written by
Andrew Fremlin-Key
Andrew is a partner in the litigation and arbitration team at Withers, specialising in media, reputation and information disputes. Andy has been recognised in the leading legal directories as 'one of the best in the business', 'everything you would want in someone representing you', an 'up-and-coming partner, who comes across as very knowledgeable and personable.' And 'highly intelligent with a deep and broad knowledge. Highly practical and very experienced.’.
Oliver Guest
Ollie is a senior associate in the divorce and family team at Withers. He advises on all aspects of family law, including divorce, cohabitation, pre and postnuptial agreements, children issues and complex financial disputes. During his training with the firm, Ollie spent six months in each of the corporate, family, litigation and arbitration, and employment teams. In doing so he developed a thorough understanding of the firm's wide-ranging client base and services offered.
