Prenuptial agreements, often known as ‘pre-nups’ or premarital agreements
Contrary to popular belief pre nups 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. We can also advise on a pre nup drawn up by your future spouse or civil partner.
What is a prenuptial agreement?
A prenup is a written agreement that is drawn up prior to a marriage or civil partnership. It is a contract that is entered into by both partners and it covers each person’s legal rights and sets out the division of assets in the event of a divorce or death. These assets could include properties, businesses, savings, pensions, and investments.
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.
Why create a pre nup 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.
Our premarital agreements solicitors
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.
We can also offer pre-nup advisory service, looking over a pre-nup another party may have created and offering legal advice before it has been agreed.
For advice about premarital agreements contact us by phone, email or complete the contact form on our website to request a no-obligation, no charge call back.