In recent years, there has been a significant increase in the number of couples entering into a Pre-Nuptial Agreement, to set out the financial arrangements if, unfortunately, their marriage breaks down.
A Pre-Nuptial Agreement provides both partners with security and a practical solution to any future problems that may arise if they divorce.
If you are considering entering into a Pre-Nuptial Agreement, it is extremely important that you seek your own independent advice to guide you through the practicalities and advise you on drafting the Agreement.
Even though Pre-Nuptial Agreements are not currently enforceable in the UK, the existence of such an Agreement is treated favourably by the courts.
A well drafted Pre-Nuptial Agreement can save considerable expense by avoiding Court Proceedings to settle financial arrangements.
To ensure that the Pre-Nuptial Agreement is fair:
- The Agreement must be entered into no fewer than 21 days before the proposed wedding date
- Both parties should have the benefit of their own independent legal advice
- Full financial disclosure should be exchanged between the parties before entering into an Agreement;
- Changes to circumstances are provided for in the agreement, for example the birth of a child, earning capacity, inheritance etc.
- The Agreement is reviewed at regular intervals to acknowledge any change to circumstances and generally keep the document up-to-date.
If you are considering entering into a Pre-Nuptial Agreement, but you are concerned that you are running out of time before the big day, we can prepare a Post-Nuptial Agreement which is treated in a similar way to the Pre-Nuptial Agreement.
Contact us now and let us help you prepare a Pre-Nuptial or Post-Nuptial Agreement which will provide you with peace of mind for the future. You are in safe hands at Mander Hadley
