Prenuptial Agreements Explained with the Help of Family Law Solicitors

A Prenuptial Agreement is something that a couple can sign before getting married or entering into a civil partnership to lay out the basis in which the couple would divide its assets if the marriage or civil partnership were to end. It is common for wealthy people to get a prenuptial agreement signed before marrying an opportunistic “gold digger”. According to family law solicitors, traditional prenuptial agreements were not applicable in England, Wales, or Northern Ireland. However, in the recent years courts have started to take them in consideration during the divorce proceedings.

Are Prenuptial Agreements Appropriate?

One should always seek the advice of family law solicitors when considering a prenuptial agreement before a marriage. However, under certain circumstances a prenuptial agreement is almost inevitable. For example:-

-       There is a significant difference between your assets and the assets of your spouse.

-       There are children involved (from a previous marriage) and you want to reserve certain assets for them in case the marriage fails.

What is Included in a Prenuptial Agreement?

Each prenuptial agreement is tailored according to the circumstances however most agreements revolve around matters related to the estate of both parties. The agreement mentions details of both partners’ assets with mention of how these assets are to be distributed if the marriage fails.

For more information you are more than welcome to get in touch with our expert Family Law Solicitors at Walker Wise Solicitors by phone on 01254 300 966 or email enquiries@walkerwise.co.uk