What’s mine is yours? Top tip 10 for your prenuptial agreement – When should it be reviewed?

12th November 2014

Making a prenuptial agreement before you get married can take away some of the financial worry about what will happen to your assets and property if your marriage does not work out.

In this series of blogs, Susan Davies, head of family law at Ansons Solicitors in Lichfield and Cannock, Staffordshire, gives her top 12 tips for what to include in your prenuptial agreement:

Tip no 10 – When should it be reviewed?

You will need to decide what events, if any, will affect the validity of your prenuptial agreement and if it should be revised. This may be the birth of a child, illness, redundancy or simply a lapse in time.

You might also want to stipulate what happens if one of you does not stick to the terms of the agreement, such as failing to pay half of the bills, and even include appropriate penalties or sanctions.

Prenuptial agreements are being increasingly recognised by the court as a good reflection of a couple’s intentions towards each other if they separate. You must both take independent legal advice, give full disclosure of your financial assets and neither of you must be under any duress before signing the agreement. The agreement must also be ‘fair’.

For further advice, please contact Susan Davies in the family law team, on 01543 267 190 or Ansons Solicitors has offices in Cannock and Lichfield, Staffordshire.