2020 will be a year to remember for a number of reasons. For many, it will be the disappointment of delaying the date, postponing the party and waylaying the wedding until 2021.
Why not use this time to decide whether a prenuptial agreement is something that you both want to include as part of your preparation for married life? No longer regarded as something for the rich and famous only, prenuptial agreements are becoming an increasingly popular way of agreeing, at the outset, what would happen to the parties’ assets in the event of a divorce, particularly where the assets exceed the ‘needs’ of the parties.
Such agreements can give the parties the option to have a say in what should happen and to have some control over the financial outcome. What about seeking to shield or ‘ring-fence’ any family wealth or assets acquired before the marriage?
Such agreements, which are entered to in contemplation of marriage, were previously regarded as unenforceable. Although the Court can override your wishes (in longer marriages for example), the Court is now giving some weight to such agreements. The Court must have regard to all of the circumstances in the event of separation but a prenuptial agreement is increasingly being regarded as a ‘relevant circumstance’.
As with any legal document, there are certain formalities that must be observed:
Whilst not everyone will want to contemplate the end of the marriage before it has even begun, prenuptial agreements are certainly gaining in popularity as a good way of helping couples decide what should happen in the event of a divorce.
Wards Solicitors has a highly experienced team of eight family and divorce law specialist solicitors ready to help across 11 local offices. We offer telephone meetings and where appropriate, free initial discussions of up to 30 minutes.
For more information, please contact Louise Boustead, Family Law Partner in our Yate office on 01454 316789 / email email@example.com, or one of our Family & Divorce solicitors local to you.
Wards Solicitors remains open for business during the national lockdown and we are taking on new cases. We are available for video call and telephone meetings but cannot currently offer face to face meetings with clients except in some specific emergency situations and at court hearings.
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