Pre & Post Nuptial Agreements
Pre-nuptial agreements and post-nuptial agreements help to set out how you and your partner wish your assets to be divided between you in the event of divorce. If you are contemplating a civil partnership as opposed to marriage, such agreements are known as pre-civil partnership agreements and post-civil partnership agreements.
A pre-nuptial agreement and post-nuptial agreement may be appropriate for you if you seek the following:-
- Certainty as to how your assets will be divided in the event of a breakdown in the marriage.
- Protection of your pre-marital assets such as inherited wealth or pre-acquired wealth.
- To minimise the emotion and costs involved in protracted negotiations and Court proceedings to agree the matrimonial finances.
Although such agreements are not currently legally binding, the agreements will likely be upheld by the courts where the parties have entered into the agreement freely and with a full understanding of its implications. It is all the more important therefore that you seek legal advice to ensure that the agreement carries weight.
An out of date agreement is also unlikely to be upheld by a Court. It is very important to review the agreement throughout the marriage to ensure that it is kept up to date as inevitably the matrimonial assets and family circumstances will change with time.
At Prince Evans we can provide you with specialist advice and help put in place an agreement that is right for your particular circumstances.