Prenuptial agreements or ‘prenups’ are a legal step taken before marriage. A prenup establishes the property and financial rights of each partner before they enter into the marriage, in case of divorce.
In the past, this was most common among the super-rich and celebrity community, but it’s becoming more and more common for couples to make a prenuptial agreement.
There are pros and cons when it comes to prenups. They can set up specified protections for both couples and are especially useful when considering inheritance and assets.
Finding the right divorce solicitor in London to set up a prenup
Here at Saracens solicitors, we offer services to cover all aspects of marriage and divorce. If you are recently engaged and are interested in a prenuptial agreement then call to hear more information on what our divorce solicitor in London can do for you.
While we’d rather not think about divorce when just engaged, it’s often prudent to have some kind of arrangement made, especially when considering high value assets and inheritances.
Another aspect that needs to be considered is if you have any previous marriages and want to protect your assets, for more information you should speak to our divorce solicitor in London.
Validity in the UK
While there is no legislation in the UK relating to prenups, the courts are increasing enforcing and supporting prenups that have been entered into correctly.
If it comes to divorce and dividing assets, the court is likely to enforce the terms of the prenup if both parties looked for legal advice prior to entering the agreement.
Another aspect that is important when entering into a prenup is if both parties are honest and open about their assets before entering the agreement. The agreement also has to be signed while both parties are in full agreement and neither party is under duress.
As long as the pre-nuptial agreement was agreed upon completely and at least 21 days before the wedding, its rules will be enforced for the benefit of both halves of the couple.
So, if you’re interested in protecting your assets before entering a marriage, contact Saracens Solicitors, your divorce solicitor in London, for more information.