Furley Page Blog

According to The Sunday Times 'Rich List', Prince William already has a fortune of £28 million.  His inheritance prospects must also be regarded as substantial.

As a result of the Radmacher Judgement given by the House of Lords in October, it seems inconceivable that the Prince will not be advised to enter into an Pre-Nuptial agreement so that, in the event that the marriage were to break down, in the future, his wife’s claims would be limited to her entitlement to have her reasonable requirements met,  precluding any claim to a percentage of existing or future inherited wealth.  Furthermore, it may be possible to agree in advance a mechanism as to how those needs would be assessed based upon the standard of living during the marriage rather than following subsequent litigation.

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In the Financial Times Weekend paper an article appeared about the banks and Powers of Attorney. It commented on the number of complaints made against the Banks over the delays suffered by Attorneys when trying to act under a power of attorney. One of the most common complaints is the staff confusion over the differences between an Enduring Power of Attorney (EPA) and a Lasting Power of Attorney (LPA)  and when the document should be registered.

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Simon's Market View

In mid September 2008, Lehman Brothers filed for bankruptcy, and the world changed. Two years on we are still unsure quite what will be affected and by how much. One thing we do know is that the current Government has decided to pay back the debt caused by quantative easing (pouring money into the economy by shoring up the reserves of the banking sector) as quickly as possible. This has meant a number of austerity measures being announced, which will impact not just the public sector but pretty well everyone.

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