Pre and Post Nuptial Agreements
It is only natural when entering into a marriage to believe that you will be married for life. However this is sadly often not the case and we know that the number of marriage breakdowns has increased significantly over recent years. By entering into a pre or postnuptial agreement everyone knows where they will stand in terms of a division of finances, if the marriage should dissolve at some point in the future.
A prenuptial agreement is entered into before the wedding ceremony whereas a postnuptial agreement is entered into after the wedding has taken place. The same law applies to both types of agreements.
Not just for the wealthy
Whilst these types of agreements may have historically been associated with the extremely wealthy or celebrities it is an area we are now being asked to advise on very frequently. Pre and postnuptial agreements allow a couple to have certainty as to what will happen to their assets in the event that the marriage breaks down. This can be of huge benefit to a separating couple, regardless of their wealth.
Pre and postnuptial agreements can be particularly important to couples who are in very different financial positions, where there has been wealth accumulated prior to the relationship or where there are children from earlier relationships. The agreements can cover areas such as capital, maintenance, bank accounts and jointly acquired assets. Ultimately the agreement belongs to the parties so they can be tailored to the unique requirements of every couple.
Protecting your interests
The law around these agreements is complicated and changeable. Our specialists are always up to date with the latest law and requirements to ensure that you get the very best possible advice. At Burley Geach we understand that discussions around these agreements need to be handled with sensitivity. We will always work constructively with the other party or their solicitor but ultimately it is our priority to protect the interests of our client. If you are contemplating a pre or postnuptial agreement it is important to get early advice so please do not hesitate in contacting one of our family law experts.