Why Get A Pre-Nuptial Before You Get Married?
A pre-nuptial agreement, or ‘pre-nup’, is a legal agreement entered into by a couple before their wedding or civil partnership ceremony takes place.
The pre-nuptial agreement provides for an agreed distribution of assets if the marriage ends in divorce. They are commonly made by wealthy people, especially where the assets of the couple prior to the marriage are very unequal; however they are becoming more popular for couples who have been previously married, for business owners and for those who have inherited wealth.
Although most of Europe now recognises the validity of pre-nuptial agreements, in theory UK law does not – the argument being that marriage is to be encouraged in the public benefit, so an agreement which presupposes divorce is contrary to the public good.
When a couple separate, the divorce courts will always attempt to divide their assets in the fairest possible way. What seemed equitable at the time of signing a pre-nuptial agreement may look very different after several years of marriage, when circumstances may have changed radically.
For this reason, the courts will decide what is fair based on the facts presented to them.
However, even though pre-nuptial agreements are considered to undermine the idea of marriage as a lifelong union, they are becoming increasingly popular.
Whilst pre-nuptial agreements are in essence not binding or legally enforceable in UK law, they are beginning to have more influence as the courts increasingly accept that they are indications of a couple’s intentions at the outset of their relationship and more and more couples are signing them.
The pre-nuptial or pre-marital contract must be entered into on the basis that each party has provided the other with full, frank and transparent disclosure of all their relevant financial and other circumstances; that they have obtained independent legal advice and that they have entered in to the Agreement or contract well in advance of their wedding date (ideally at least 3 to 4 weeks before).
Paul Wild offers a Pre-Nuptial planning appointment for £95 including VAT.
During this hour long consultation you will find out not only how they work, but also how to broach the subject with your future husband or wife.
Due to the impacts of Coronavirus and government guidance, our Fixed Fee Meetings will occur as telephone meetings.
To book your consultation please contact Paul Wild on 0118 958 9711
Great mirror will produced by Ms Spanner, it was so easy to do and she kept us updated at all times. We used the MS Trust special promotion and was well worth it. I would highly recommend Barrett & Co.
It is our first time to purchase a property in UK and we are not clear about the details and trick in the conveyancing process. We are lucky to have Piers and his team, Emma and Fatima to handle our case. Like everyone who want to complete the deal before the stamp duty holiday, we keep pushing the schedule. They are very responsive and patient to our enquiry. Instead of just "close the deal", they provide very professional advice to those critical issues on the tile. While protecting our interest in the legal point of view, they facilitate the process to meet the target schedule too. Piers' team did a amazing job. Highly recommend.
I was very happy indeed with the service I received: prompt, professional and sound advice, at a reasonable price. The resulting output has been both useful and specifically tailored to my needs. The practice was approachable and efficient; highly recommended.
I'm very grateful to have Barrett and Co as my solicitor for purchasing a house recently. Thanks to Piers and his colleagues for their responsive actions and efficient works. Very impressed that they often give me timely update on the overall status, also the detailed and prompt replies regarding my questions. Highly recommended!
Barrett and Co handled my divorce and other related matters between July 2019 and May 2021. I felt well-supported throughout my case, and was treated with the utmost empathy and understanding through a difficult time. Aadil Khan managed my case during the last few months and was instrumental in securing a fair outcome for me. I was provided with timely, professional and targeted guidance, which helped me navigate a complex case. Thanks for all your support!
I made a Will with the aid of Barrett & Co solicitors LLP and ,more recently, I added a Codicil. On each occasion I was treated with the utmost respect and I was given very sound advice. This firm also assisted in the sale of my house in a very efficient way. I highly recommend this firm for all legal needs.
The professional and personal attention we got from Barrett & Co was exceptional. From my first contact with Claire who arranged the first online meeting with Juliette who then handled all our needs with great care and considerstion for the delicate time we were going through. Juliette was very considerate of my dads slight language barrier with detailed help along the way. I would highly recommend them.
We contacted Barrett & Co to get advice on Wills and Power of Attorneys. Our primary contact was Juliette who was approachable and professional throughout the process. She gave advice based upon our particular circumstances and not just generic feedback. I would highly recommend Juliette and Barrett & Co.