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Why Prince Harry And Meghan Markle Won’t Have A Prenuptial

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When Prince Harry and Meghan Markle tie the knot in May, they likely won’t have a prenuptial agreement, despite the substantial assets between them. But it’s for a very simple reason: Prenups aren’t a common practice for anyone in the UK. According to People Magazine, “Historically, members of the royal family have not had them,” royal author Ingrid Seward revealed, “They are more popular in the United States —it’s just not a British thing.” Prenups also can’t be legally enforced in the UK courts, according to the BBC.

However, judges will consider them during a divorce trial, so they’re not without purpose, but they don’t carry as much weight as they would in the United States, where they are legally recognised. Both Harry and Meghan have hefty individual bank accounts — Harry, largely, thanks to a trust left to him by his late mother, Princess Diana, and Meghan, from her starring role on Suits over the course of seven seasons.

Since Harry’s money is largely in a trust, it has an extra level of protection in the event of a divorce: Money in trusts is treated differently in divorce, and may not be eligible for division between the two parties, according to Divorce.co.uk. A lot of Harry’s wealth is kept in trusts — from the will of his late mother, Princess Diana and from other bequests from relatives, such as the Queen Mother.

The same goes for Harry’s father, Prince Charles, who doesn’t own Highgrove House or Birkhall (where he stays when he is in Scotland). Both estates are owned by a trust. When Charles and Diana divorced in 1996, their marriage “took a lot of unraveling and legal wrangling,” Little points out. Diana was given $23million — a vast sum at the time, even by royal standards.

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Tony is an English and Literary Studies graduate from the University of Lagos. His hobbies include reading, football, swimming and writing. Tony is a lifelong fan of Manchester United and could read Jeffrey Archer and John Grisham’s novels the whole day without even taking a meal. Reach him at 08167677075 and 08185801508.

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