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0 A prenuptial agreement is designed to protect premarital wealth and assets and to provide security for dependents born pre-marriage. It is signed by both parties and sets out their settlement intentions should they divorce in the future.
Why a prenup is used
A prenup protects both parties’ pre-marital wealth and interests and aims to make a future divorce less contentious. It is typically of greatest benefit to people who own a business, hail from an international jurisdiction, have children from a previous relationship or who have been married before.
Important considerations for obtaining a prenup
A prenup must be made willingly without any pressure or coercion from either party, with all financial information disclosed in a transparent manner. A prenup can be used to protect an inheritance for children from a previous relationship by clearly listing assets and wealth that are to remain separate property after marriage, thus preventing the new spouse from claiming rights to them as well as to articulate how the financial needs of those children will be met after marriage.
Both parties must seek independent legal advice from a London law firm such as forsters.co.uk to ensure that the agreement made is fair, both now and in the future, should either party’s circumstances materially change.
A prenup is designed to provide clarity and to ensure financial security so by being honest at the outset and proactively addressing any potential issues that may conceivably arise in the future, a couple can enter into marriage safe in the knowledge that their interests are protected, however the marriage pans out.
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