Victoria to keep her wealth after divorce
The Local · 5 Jul 2010, 15:51
Published: 05 Jul 2010 15:51 GMT+02:00
The royal possessions would be protected if Prince Daniel and Princess Victoria divorce, according to the couple's prenuptial agreement. The court filing released on Monday states that only the couple's jointly purchased furniture and household items would be divided if they divorced.
The statement was signed by both the prince and the crown princess and a court auditor and court secretary at Stockholm Palace on June 7th, just 12 days before their wedding, and submitted in Solna, where their marriage is registered.
According to the statement, everything that the couple owned before the marriage and everything that they subsequently inherit, receive as gifts or earnings through work while they are married would remain separate property in the event of a divorce.
Only items purchased for their home would be considered in the division of property.
The premarital settlement also makes clear that "all proceeds of the private property will remain separate." For example, dividends on shares from Victoria's portfolio securities would not count as property held jointly by husband and wife.
According to Magnus Brogren, family law lawyer at Familjens jurist in Gothenburg, the document Victoria and Daniel have signed is a fairly common form of a premarital agreement, SvD.se reported.
"I think it is wise that they have written one up," he told SvD.se. "One can imagine that Victoria owns or will inherit things that are strongly associated with her office. Through their marriage, there cannot be debate about such things."
Following the marriage, Daniel can no longer work at the gym he built up. This means that Daniel has few opportunities to earn an income and collect a pension while he is married to Victoria, SvD.se added.
"It seems as if he could be in a bad situation if they divorce, especially after a long marriage," Brogren told SvD.se. "However, it may be that he has an agreement to get an allownace from the court, one that has not been made public. I hope that Daniel has advisers who have explained all this to him."
Brogren cited the divorces in the British royal family, especially Princess Diana's, which kept her far from destitute after she and Prince Charles went their separate ways.
Brogren added Daniel would also inherit Victoria's estate if she dies before him while they are still married unless they have written a will that says otherwise.
"Such a document would not be made public," Brogren told SvD.se.