Guide to Prenuptial Agreements

Page 1

FAMI L YLAW

PRENUPTI ALAGREEMENTS Agui det opr enupt i alagr eement s ,i nc l udi ngwhatt heyar e,how t heyar ec r eat edandhow t heyar eenf or c edunderUKl aw.

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WHATAREPRENUPTI ALAGREEMENTS? Pr enupt i alagr eement sar edoc ument st hat ar edr awnupbef or emar r i ageasawayof pr ot ec t i ngani ndi vi dual ' sas s et sorpr oper t y. Thedoc umentdet ai l st heowner s hi por pr oper t yandpos s es s i onsofeac hs pous ei n or dert ooffereac hgr eat ers ec ur i t yi nt he eventofadi vor c e.Offic i al l y,pr enupt i al agr eement sar enotl egal l yenf or c eabl e t hr oughoutt heUK,t hought heyhavebeen mor er egul ar l yus edandr ef er r edt oby di vor c ec our t si nr ec entyear s .

WHATSHOULDAPRENUPTI AL AGREEMENTCONTAI N? Eac hagr eementwi l lbedr awnuponani ndi vi dualbas i s ,t houghs omeoft hemos t c ommoni nc l us i onsar e: Theowner s hi pofpr oper t y Ani nvent or yofeac hs pous e' s pos s es s i ons Anypos t di vor c epl ansf orc hi l dr en, bus i nes sorpr oper t y Anyfinanc i ali nves t ment sors avi ngst hat ar et or emai ni nt heowner s hi poft he i ndi vi dualonl y.

SHOULDIHAVEAPRENUPTI AL AGREEMENT? I ti si mpor t antt os eekl egaladvi c ef r om an exper i enc edf ami l yl aw s ol i c i t orbef or e det er mi ni ngwhet herapr enupt i alagr eement i sadvi s abl e.However ,f oranyper s on ent er i ngamar r i aget hathass ubs t ant i al as s et s ,apr enupt i alagr eementmaybe appr opr i at e.Thi sdoc umentmayal s obe s ui t abl ef ors pous eswhohavec hi l dr enf r om apr evi ousr el at i ons hi pandwhowantt o pr ot ec tas s et sont hei rbehal f .

DO COURTSENFORCEPRENUPTI AL AGREEMENTS? Cour t si nt heUKar enotl egal l yobl i gedt o enf or c et hec ont ent sofapr enupt i al agr eement ,t hought heyar ebec omi ngmor e r eadi l yc ons i der ed.Thi smeanst hatal t hough t her ear enoguar ant ees ,i ti sl i kel yt hatany pr enupt i alagr eementwi l lbeas s es s edwhen t hec our tdet er mi nest hedi vi s i onofas s et si n c as esofdi vor c e.Thr oughoutt hei r as s es s ment ,t hec our twi l ldet er mi net he val i di t y,f ai r nes sandc ont ent soft he agr eement ,bef or emaki ngadec i s i on.

Readourf ul lgui deonpr enupt i alagr eement sat : ht t ps : / / www. l oc al s ol i c i t or s . c om/ f ami l ygui des / gui det opr enupt i al agr eement s

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