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A prenuptial agreement, often referred to as a prenup, is a written agreement made between a couple before they marry. It sets out what will happen to your assets and liabilities should you divorce. A postnuptial agreement is similar but is entered into following marriage.
Although this type of agreement is often considered to be just for the very wealthy, it could benefit many couples by facilitating open discussions and consensus as to what would happen if they separate in the future and can also reduce the likelihood of disputes arising over finances during the marriage. A prenup or postnup may be particularly advisable if one partner brings significantly more wealth, or debt, to the relationship, has children from a previous marriage or owns a business.
A prenup can provide you with the certainty of knowing what will happen should you divorce.
At Heald Solicitors in Milton Keynes, we can work with you to draw up a bespoke and fair prenuptial or postnuptial agreement. Our family law team have extensive experience in assisting clients in protecting their financial wellbeing, particularly in high value or complex situations.
A prenup can provide you with the certainty of knowing what will happen should you divorce. The agreement can include provision for any children you may have, which can be reassuring.
A similar pre-registration agreement can be drawn up if you will be entering into a civil partnership.
Prenups are considered by many as a way of entering into a marriage or civil partnership openly and honestly so that you both know the state of each other’s finances and so that you have agreed on financial security for both of you, should you divorce. It can also protect assets for children of a former relationship.
While a prenup is not strictly legally binding, if it has been drawn up by a solicitor, all assets and liabilities have been disclosed and both parties have taken independent legal advice before signing, the court will generally give weight to the agreement when making any decision. In many cases, the existence of a prenup, postnup or pre-registration agreement will help those involved avoid court action completely.
The agreement will usually list all of the assets owned by the parties together with details of what will happen to them in the event of a divorce.
Assets often include a home, savings, pensions, investments and valuable items. If one or both of you own a business, the agreement can state what will happen to this. Debts should also be included, both existing and future.
Our family law team are experienced in drawing up watertight prenuptial and postnuptial agreements for clients in a range of situations.
While our office is in Milton Keynes, we are experienced in working with clients throughout England and Wales, often remotely, meaning that you can expect the same expert legal advice and excellent client care wherever you are located.
If you would like to speak to one of our family law solicitors, please get in touch with our legal expert Keshini Rajendra.01908 662 277
At Heald Solicitors, our family law team understands how difficult the situation is. We are friendly and approachable, and we will make sure we provide the support you need throughout your time with us.
We have an in-depth understanding of family law and legal processes involved in all aspects of divorce, separation, children and finances and we will take the time to get to know you and your particular circumstances so that we can provide bespoke advice and guidance. We know how daunting the legal process can feel, so our aim is to demystify the legalities of your case. In situations where financial arrangements and children issues are complex, we do our utmost to prevent you from being overwhelmed by working to untangle things piece by piece.
Our team will work proactively to ensure that your case is dealt with efficiently and effectively. We will ensure that we are available to speak to you as needed to discuss progress and to answer any queries you may have.
We are based in Milton Keynes, but our leading reputation means that we also deal extensively with clients from the surrounding areas and beyond, communicating remotely where necessary.
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