Perhaps you own a second-property that you bought by yourself.
Without a pre-nup your partner will have a right to some of this family money.
The business is an asset in divorce discussions. It can become complex when you have employees and other family members to think about.
You don’t just split the assets on divorce; you share in the debts too. A postnup will protect you from the debts accrued solely by your partner.
Reserve certain assets for your children and protect their inheritance rights with a prenup.
The laws of their home country might apply to you and affect how you divide the assets.
If you’re raising children, and / or supporting your partner in their career, you’re unlikely to acquire the same amount of capital and assets during the marriage. But you’ve contributed in a significant way. This can be recognised in a postnup and you help you reach a settlement that reflect this sacrifice if you get divorced.
No, they are not strictly legally binding. But, they will be given significant weight by the family courts in the event of divorce.
So long as the agreement is reasonable, up-to-date, and drafted by a lawyer, then the judge will see it as good evidence of what you agreed should happen if you were to part ways.
You could write an agreement between you and your partner for what happens if you get divorced. But this will not hold the same weight as a prenuptial agreement during divorce proceedings.
For a prenuptial agreement to be valid, both partners must have received legal advice before entering into the contract.
The cost depends on how complicated your situation is. Typically, we charge between [xxx] and [xxx]
They’re essentially the same thing, but a prenup is signed before you get married and a postnup is entered into when you’re already married.
You should sign the prenuptial agreement at least 28 days before you get married.
No, it’s a common misconception that only the rich and famous have prenups. As people get married later, and acquire assets in their own name before marriage, it’s becoming more common for ‘normal’ people to have prenups. It’s a sensible, practical measure to protect your financial interests.
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