Memo to Prince William: Before the Royal Wedding Have Kate Middleton Sign a Princely Pre-Nup
Britain's Windsor family may not occupy the top spot among the world's richest royals, but with the Queen of England commanding a fortune of at least $450 million there are some practical, wealth-related issues surrounding the upcoming royal wedding.
UK wealth management media firm Spears asked some London lawyers specializing in family practice what advice they would give Prince William re: having Kate Middleton sign a pre-nuptial agreement.
Interestingly enough, however, privacy concerns top money issues for some. "Well-drafted privacy and confidentiality clauses are key," notes distinguished barrister James Stewart. "Given the divorce history in the royal family they will want to ensure that a pre-nup provides for certainty but also for privacy and breach of confidence. They would want to avoid the fiascos which have occurred in the past with regard to royal divorces" -- never mind royal weddings.
Stewart in fact advises that should Middleton ever give an indiscreet interview to the press, she should suffer "some sort of financial penalty," by which he does not mean merely that Prince William should cut off her allowance. "Most employees of the Royal Family sign very restrictive confidentiality agreements when they sign up – why shouldn't somebody in Kate Middleton's position be subject to similar requirements?"