The Supreme Court has ruled in favor of wealthy individuals transferring assets to avoid inheritance tax without the risk of sharing them with their spouses in the event of a divorce.
This article tells the story of Clive Standish, a retired banker, that went through a "much-anticipated" ruling, that ultimately meant that he would not have to split equally nearly £80 million given to his ex-wife, to try and mitigate the tax.
Associate, Lisa Payne, quotes "A prenuptial agreement would have saved the parties an awful lot of money in legal fees and the media attention".
Read the full article here.