The weather is finally turning for the better and thoughts of summer sun and wedding bells abound.
When planning for a wedding there is a seemingly endless list of things to keep in mind. Outfits, venues, food, music, seating plans, rings all take priority over the mundanity of life post ‘I do’.
We understand that conversation with your future spouse about entering into a pre-nuptial agreement over the dinner table is far from romantic.
However, it is crucial for this discussion to be had.
Although the rates of divorce are declining, reaching the lowest numbers since 1971, it is still an eventuality that affects many couples.
If you have any assets that you would like protected in the event of a divorce, it may be worth getting a pre-nuptial agreement.
A pre-nuptial agreement is a contract between two individuals entering into marriage or a civil partnership that outlines how assets will be divided in the event of a divorce or separation.
This may be of particular benefit to you if you have assets from a previous relationship or have inherited assets prior to marriage that you now wish to protect.
Pre-nuptial agreements provide clarity as to how assets are to be divided upon divorce, thereby reducing the possibility of lengthy legal battles and will potentially save time and costs.
The added benefit of a pre-nuptial agreement is to help limit the conflict and stress associated with divorce proceedings.
Outlining and dividing your assets now will reduce the likelihood of disputes arising in the event of a divorce.
Pre-nuptial agreements are not legally enforceable in the UK.
However, they are given a significant amount of weight by a court provided that they are properly drafted and make financial provision for the parties and any children of the family.
The landmark case of Radmacher (formerly Granatino) v Granatino [2010] UKSC 42, has helped to establish that if the pre-nuptial agreement is deemed to be reasonable, fair, and created without any pressure placed on either party, it will hold influence should any divorce proceedings occur.
A pre-nuptial agreement serves to offer financial protection for both parties in a relationship.
Pre-nuptial agreements are not a symbol of distrust as some have previously claimed, but a means of securing comfort and protection in the event of unforeseen future changes.
In much the same way, one might take out an insurance policy with the hopes of not using it, a pre-nuptial agreement operates as a safety net that ensures your more valuable assets are protected.
Our team can talk you through the options that are open to you regarding pre-nuptial agreements.
We can work with you to gain an understanding of whether a pre-nuptial agreement is the right fit for your relationship.
By letting us help you, you can get back to planning the more exciting aspects of your new life with your partner.
Get in touch with our expert Family Law Team today on 01543267236 and make us a part of your wedding preparations.