What is a Prenuptial Agreement?
A Prenuptial Agreement is a legal agreement which is agreed to and signed before a marriage or civil partnership takes place.
The agreement provides full details of the finances and assets of each person at the time of the marriage or civil partnership and specifies how these will be split if the relationship breaks down in the future.
Why do I need a Prenuptial Agreement?
When two people get married or have a civil partnership, all, or at least most, of their assets are likely to become matrimonial assets to be split equally should the relationship break down in the future.
Some people are happy for this to happen, but others may decide they want a Prenuptial Agreement in order to protect their finances or assets, for example, if one person owns a successful business, has inherited money or wants to safeguard some of their assets for children from a previous relationship.
How can I make a Prenuptial Agreement?
You will need to discuss a Prenuptial Agreement with your partner and you must both be completely happy to proceed.
Your Prenuptial Agreement will be put together based on your unique circumstances, so it is important that you seek the advice of a suitably qualified and experienced solicitor to make sure the agreement is legally enforceable and that both you and your partner are adequately protected.
You and your partner will need to instruct separate solicitors so you both receive independent advice and your interests are equally protected.
JWK can help you. Get in touch today
- Family Law
- Personal Injury
- Private Client
- Moving Home
- Dispute Resolution
Michele Wright qualified as a solicitor in 1986 and has specialised in family law work for most of the time since qualification. She has been a member for many years of the Law... Read more
The allowance was introduced in April last year and was set at £100,000. In April this year it...