If you are planning on getting married you should think about signing a prenuptial agreement. You do not need to have significant wealth to benefit from securing the peace of mind and security a prenuptial agreement provides.
Our family law solicitors understand that negotiating and agreeing on a prenuptial agreement takes sensitive and careful legal advice. We can help you with all your family law agreement needs so you have the paperwork covered and can get on with your wedding plans and married life.
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What does a prenuptial agreement do?
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A prenuptial agreement records the agreement reached over what will happen if you separate or divorce from your husband or wife.
Prenuptial agreements are all different. They can cover the division of your current family assets and any assets acquired during the marriage that exist at the date of your separation. Other agreements can protect a specific asset from financial claims during the divorce. For example, a prenuptial agreement may be designed to ringfence and protect:
- A house purchased before the relationship began
- A house deposit provided by one parent
- Money received as a divorce financial settlement when a first marriage ended
- Pre-marriage pension contributions
- Shares held in a family business
- The family farm
- An inheritance or an anticipated future inheritance
- Trust distributions if one party to the marriage is a beneficiary of a discretionary trust
- Lifetime gifting from family as part of their inheritance tax and estate planning
There may be other reasons why you would benefit from signing a prenuptial agreement.
Negotiating a prenuptial agreement
Negotiating a prenuptial agreement takes care and special skills. Whilst your family law solicitor will want to protect your interests and do their best for you, they will also need to ensure that the agreement is fair to your husband or wife. That is because whilst you will want your future husband or wife to be treated with consideration, it is also crucial to do so because a prenuptial agreement that does not meet your husband or wife’s needs is less likely to be upheld by the court in any future divorce financial settlement proceedings.
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