A prenuptial agreement offers a certain level of protection by defining the ownership of various assets (money, belongings, and property) and establishing the course of action
in case of a relationship breakdown.
It’s important to understand that in England and Wales, prenuptial agreements are not legally binding, and careful consideration should be given to the circumstances under which the agreement is created.
For instance, factors such as signing the agreement at least 21 days before the
wedding, ensuring its reasonableness and up-to-dateness, and having it drafted by a family lawyer while both parties receive legal advice and provide full financial disclosure
are critical.
Our team of experienced family lawyers can provide expert advice on prenuptial
agreements. We have extensive experience in drafting a wide range of prenups, ranging from multi-million agreements involving complex assets to smaller agreements that cover property and inheritance matters concerning children. We have even handled
agreements that address the welfare of the family pet.
- Inheritance and Future Inheritance: A prenup can protect any inheritance or potential future inheritance, including both money and assets, ensuring that they are allocated according to your wishes.
- Complex Assets or Property: If you have assets or property that would be challenging to divide equally in the event of a relationship breakdown, a prenuptial agreement can provide a clear plan for their distribution.
- Protection for Children from Previous Relationships: A prenup can safeguard specific assets for children from a previous relationship, ensuring their inheritance rights are protected. It is also important to create a Will in conjunction with the agreement.
- Business Ownership: If you own a business, a prenuptial agreement can help you maintain control over it and establish guidelines for its treatment in the event of a divorce.
- Debt Protection: With a debt clause in a prenuptial agreement, you can safeguard yourself from being held liable for any outstanding debts accumulated by your spouse before or during the marriage.
By having a prenuptial agreement in place, you can establish clear terms and
provide a level of protection for various aspects of your financial and personal circumstances. It is important to consult with a family lawyer to ensure that the agreement is legally sound and tailored to your specific needs.
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