Pre Nuptual agreements are ideal for second marriages, where there are children of former relationships or where there are large differences in wealth between the parties.
A staggering 50% of marriages end in divorce in the UK and Pre nuptial agreements are becoming more and more popular in order to protect pre aquired property and agree upon the division of future assets.
Why Get a Pre Nuptial Agreement?
A pre nuptial agreement is one made by a couple before they embark into marriage that will set out how their assets would be divided if ever they were to divorce, this includes the following :
- Clarify financial rights and responsabilities during marriage.
- Avoid arguements in case of divorce.
- Get protection from debts.
- Protect property that you want to pass down to your children.
What can’t be included in a Pre Nuptial agreement?
The pre nuptial agreement only covers financial assets. It cannot deal with anything listed below:
- Custody of children
- Visitation to children
- Anything thought to cause or aid divorce
- Anything illigal
Preferably, both parties should be legally represented and should sign the agreement some time before they get married and have taken out separate legal advice. This way both parties can be assured that neither party has been forced onto signing the agreement.
Why not come in and have a chat with our family law solicitor Richard Napier who can advise and assist on all matters concerning pre nuptial agreements and family law.
Contact us now on 01925634681 or email firstname.lastname@example.org
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