Should prenuptial agreements be given decisive weight?

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Should prenuptial agreements be given decisive weight? Supreme Court Debate Should prenuptial agreements be given decisive weight?

The Supreme Court is the highest court of appeal in the United Kingdom. It opened on 16th October 2009. There are 12 Supreme Court Justices in total. Each case must have an arguable point of law of general public importance. Some of the recent key cases include the right to die, prenuptial agreements, religious discrimination and privacy.

A case must go through several courts before it makes it to the Supreme Court Please watch the Supreme Court introductory video: http://www.supremecourt.uk/intr oductory-film.html What route would a civil case take to come to the Supreme Court in England and Wales?

YOUR DEBATE “Should prenuptial agreements be given decisive weight?” What is a prenuptial agreement? A prenuptial agreement is the more common term for an ‘ante-nuptial agreement’. It is a contract signed before marriage which determines how the assets (property and financial resources) would be split if the marriage were to break down. In 2009 prenuptials agreements were not enforceable in England and Wales, but on occasion would be upheld at a judge's discretion. This differs from other parts of Europe and the United States where prenuptials have been recognised.

Can you think of any other famous prenups? A celebrity prenuptial agreement It was reported in October 2000 that Swansea born actress Catherine Zeta Jones agreed to a prenuptial agreement meaning if she was to divorce she would receive £1 million per year for every year she was married to actor Michael Douglas. This was said to be less than the £3m per year she reportedly asked for. Allegedly Zeta Jones waived the rights to Douglas’ earnings, even though the wife usually gets half under Californian law. Douglas supposedly has a £150m fortune but apparently insisted on a prenup after his first wife was allegedly awarded £44m. http://news.bbc.co.uk/1/hi/wales/963639.stm Can you think of any other famous prenups? Image courtesy of D. Shankbone

Supreme Court case details The appellant Granatino and respondent Radmacher (formerly Mrs Granatino) married in London in 1998, after signing a prenuptial agreement in Germany. The agreement provided that neither was to acquire any benefit from the property of the other during the marriage or on its termination. The wife’s family was very wealthy. The husband, who at the time worked as a banker, declined the opportunity to take independent advice on the agreement.

The parties separated after 8 years of marriage, by which time they had two daughters and the husband had left employment to enrol at university. After applying to the court for financial relief the husband was granted a sum sufficient to buy a London home where his children could visit, plus a significant annual income. The judge reduced the weight she attached to the agreement because of the circumstances in which it was signed. The wife appealed successfully to the Court of Appeal, which held that the agreement should have been given decisive weight. The husband, Granatino, appealed to the Supreme Court. Radmacher (formerly Granatino) (Respondent) v Granatino (Appellant) 2010

16% of marriages reach the 60th wedding anniversary. Percentage of total population on a police DNA database in 2005 Facts Office for National Statistics Latest statistics (published December 2012) estimate that 42% of marriages in England and Wales end in divorce. It is also estimated that: 34% of marriages are expected to end in divorce by the 20th wedding anniversary. An additional 6% of marriages are expected to end by the 20th wedding anniversary because one of the spouses has died. Therefore 60% of marriages are expected to survive to the 20th anniversary. 16% of marriages reach the 60th wedding anniversary. The average marriage is expected to last for 32 years. http://www.ons.gov.uk/ons/rel/vsob1/divorces-in-england-and-wales/2011/sty-what- percentage-of-marriages-end-in-divorce.html

‘In 2007, singer and former Beatles band member Paul McCartney's decision not to have a prenup with his then model wife Heather Mills cost him £24.3m. In contrast, in the same year Britney Spears - worth an estimated $120m - gave a mere $1m to dancer Kevin Federline in their divorce after ensuring a watertight prenup. Image courtesy of Glenn Francis In 2009 ‘Scottish Widows found that over half of people (56%) yet to be married would consider a prenuptial agreement. Of these, 12% saw a prenup as a way of securing financial independence, while 5% saw them as a way to ensure partners didn't get their hands on their money’ http://www.theguardian.com/lifeandstyle/2009/sep/01/prenuptial-agreements-women What else could you protect with a prenup?

Debate roles You will be split into one of the following teams: Justices Team The justices’ job will be to listen carefully to the appellants and respondents during their debate, ask questions and eventually decide which side has been the most persuasive. There must be an odd number of justices. Appellant Team The appellant team will be arguing that prenuptial agreements should not be given decisive weight. They are the lawyers in the case and will take it in turns to present arguments, respond to the respondents’ arguments and answer the justices’ questions. Respondent Team The respondent team will be arguing that prenuptial agreements should be given decisive weight. They will be the lawyers in the case and will take it in turns to present arguments, respond to the appellants’ arguments and answer the justices’ questions. Timetable for debate 50 min debate preparation 30 min debate Appellants 8 min Respondents 8 min Appellant 4 min Justices 10 min to consider and deliver judgment

A lawyer or judge would always prepare for a case A lawyer or judge would always prepare for a case. So now its time for your own research. Supreme Court website: http://supremecourt.uk/ For more information about courts in the UK: http://www.justice.gov.uk Background News Articles Green light for prenuptial agreements? http://news.bbc.co.uk/1/hi/business/8133631.stm 16/04/2014 Radmacher heiress case to guide law on prenuptials http://news.bbc.co.uk/1/hi/uk/8580313.stm 16/04/2014 Prenuptial agreements enforced under UK law http://www.theguardian.com/money/2010/oct/20/ prenuptial-agreement-enforced-uk-law Judgments http://www.supremecourt.uk/decided- cases/docs/UKSC_2009_0031_PressSummary.pdf http://www.supremecourt.uk/decided- cases/docs/UKSC_2009_0031_Judgment.pdf