Prenuptial Agreement Services
A Prenuptial Agreement can offer that security, ensuring that your assets, property and financial interests are safeguarded in the event of a divorce or separation. At Tann Law Solicitors, we provide expert guidance to help you create a tailored prenuptial agreement that meets your needs.
What you Need to Know
Marriage involves more than just planning a ceremony; it also requires making informed legal decisions to secure your future.
Prenuptial Agreements, often called “prenups” are legal documents that allow couples to define their financial and property rights before entering into marriage. These agreements can provide clarity, peace of mind and protection for both parties involved.
Why Consider a Prenuptial Agreement?
Clarity – Prenuptial Agreements clearly outline the financial rights and responsibilities of each partner, bringing transparency to your financial arrangements.
Asset Protection – If one or both partners have significant assets, a Prenuptial Agreement can safeguard these assets in case of divorce or separation. This includes property, businesses and inherited wealth.
Debt Protection – A prenuptial agreement can protect one partner from the other’s existing debts and financial liabilities, ensuring that each person’s financial obligations are clearly defined.
Preserving Family Relationships – In blended families or situations involving substantial inheritances, a prenup can help preserve relationships with children or other family members by ensuring that their inheritance remains protected.
What to Include in a Prenuptial Agreement
Every Prenuptial Agreement is unique and should reflect the specific needs and circumstances of the couple.
Common elements to consider include:
Asset and Property Division
Define how assets and property will be divided in the event of a divorce or separation. This includes any property owned prior to the marriage, as well as assets acquired during the marriage.
Spousal Maintenance
Outline whether one spouse will provide financial support to the other after the marriage ends, and under what conditions this support will be provided.
Debts and Liabilities
Specify how existing debts and financial responsibilities will be handled, protecting each partner from the other’s financial liabilities.
Full Financial Disclosure
Ensure that both parties provide full and honest disclosure of their financial situation before entering into the agreement, as this transparency is crucial for the agreement to be upheld.
Are Prenups Legally Binding?
Currently, prenuptial agreements are not automatically enforceable in English and Welsh courts.
While the court will take the wishes of each party as outlined in the prenup into consideration, a Judge will aim to make the most fair decision possible, even if that means going outside of what is outlined in the agreement.
To ensure that the prenup remains fair and relevant to the circumstances of your marriage, it should be reviewed regularly.
Can You Create a Prenuptial Agreement After Marriage?
Unfortunately, you can’t create a prenuptial agreement after marriage. However, it is possible to create a postnuptial agreement if you wish to have an agreement in place with your spouse.
Why Choose Tann Law Solicitors for Your Prenuptial Agreement?
Having open and honest discussions about financial matters are essential for building a strong foundation for your marriage. A well-drafted Prenuptial Agreement can help you and your partner handle any potential future challenges while preserving the love and trust you share.
Our goal is not just to create a legal document but to help secure a future together. We approach Prenuptial Agreements with sensitivity and understanding, recognising that they are about more than just finances, they are about your shared future.
Our qualified prenuptial agreement solicitors simplify the process, taking the burden off your shoulders. We handle all the paperwork, provide clear explanations and ensure that you receive a fantastic service tailored to your needs.
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