FAMILY LAW - Pre-Nuptial and Post-Nuptial Agreements
EXPERTS IN ALL ASPECTS OF FAMILY LAW
A Pre-Nuptial Agreement is a contract a couple enters into at least 21days prior to marriage. Sometimes referred to as “Pre-Nup” it sets out each party’s intentions in regard to their joint and sole assets owned (this will include property, income, debts and inheritance), and how they will be divided in the event of a breakdown of the marriage.
While some people may view this type of agreement as unromantic, others consider it to be good planning “and often have viewed the agreement like an insurance policy” and believe it can play an important part in maintaining a honest and open communication in a loving relationship. Unfortunately, marriages can and often do come to an end, so entering into a pre-nuptial agreement could protect you and your partner from serious financial and emotional stress if the worst shall happen.
There are certain circumstances where it’s strongly advisable to enter into a pre-nuptial agreement. For example, if you’ve substantial assets and you want to make sure they’re protected if your marriage shall break down, this type of agreement might be ideal. A pre-nup may also be a good option if you’ve been previously married or part of a civil partnership and you own property that you want to keep separate, such as for your own children. It may also help if there are international elements to your marriage, such as if you and your partner are of different nationalities. In this instance, a pre-nup could offer you protection if financial awards were to be made against you in the courts of more than one country.
A Post Nuptial Agreement works in exactly the same way as a pre-nuptial agreement. The only difference is that it is entered into post marriage and usually following the parties return from honeymoon.
The cost of drawing up a pre-nuptial agreement can vary. The fee you pay will often depend on how much work is involved and the amount and nature of your assets. It can also depend on whether there are any children from any previous marriages or civil partnerships involved.
Our Family Team offer both fixed fees and flexible pricing on pre and post nuptial agreements.
If you would like to know more information please do not hesitate to contact our family team on TBC to arrange an initial consultation and or email our enquiries line on TBC.
