Prenuptial agreements
If you’re about to tie the marital knot, which will automatically bind your finances together along with the rest of your lives, you may feel it helpful to put in place some form of agreement to call upon should your situation change at some point in the future.
Popular in the United States for many years, pre-nuptial agreements – or ‘prenups’ as they are often called – are now more commonplace here in the UK. They offer a certain amount of protection, setting out the ultimate ownership of money, assets and property, and what will happen to them in the event of a future divorce or dissolution.
Although not legally binding in England and Wales pre-nuptial agreements do carry significant influence in family courts when decisions are made at that point, provided they have been drawn up by a solicitor. In 2010 the Supreme Court ruled that Family Courts should take heed of a prenuptial agreement that was freely entered into by each party.
What should our Prenuptial Agreement cover?
Aspects to include in a pre-nuptial agreement include:
- Assets or property that could not easily be split 50/50
- Inheritances of money or property, including those in the future
- Any business owned by either or both parties
- Protection of children, particularly those from previous relationships
- Protection against any outstanding debt incurred by one or other party
.
How much does it cost?
Our hourly charging out rate is £255 + VAT per hour and a cost estimate can be discussed at the outset, following an initial chat to ascertain the likely complexities of your cohabitation agreement.