Premarital agreements, often known as ‘pre-nups’ (prenuptial agreements), are not just for the rich and famous. People entering second marriages or who want to protect their wealth for their children should the marriage end can benefit from making a premarital agreement.
When you are planning your wedding you might feel uncomfortable thinking about what might happen if your relationship doesn’t work out. However, with almost half of marriages ending in divorce, it is sensible to consider how you can protect your assets in the event of your marriage breaking down. Premarital agreements allow you to do this.
Following a supreme court decision in 2010, prenuptial or premarital agreements can be binding provided they are not unfair, and are properly drawn up following full financial disclosure and appropriate legal advice.
At our offices in Newcastle and South Shields our specialist team will advise you about your options, including the different ways of discussing and deciding the terms of a premarital agreement such as collaborative family law. Our team are all members of Resolution and are committed to a constructive approach to family law.