At K J Smith Solicitors, we are fully qualified and highly skilled in preparing prenuptial agreements for couples who wish to protect their finances or assets should the worse happen.
The unfortunate reality is that more and more marriages and relationships come to an end, resulting in a number of difficult decisions regarding financial and property matters. Prenuptial agreements are useful tools that allow couples to agree from the outset on how these difficult decisions will be made if their relationship breaks down.
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A prenuptial agreement, or prenup, is a legal document that outlines how assets will be divided between a married couple in the event of a divorce. Prenups are drawn up before the marriage takes place whereas a post-nuptial agreement is signed after the couple is already married.
In many cases, prenuptial agreements are put in place when one partner has or is likely to acquire, more assets (financial or otherwise) than the other. This could include individuals who have a large inheritance or land and business owners.
Prenups aren’t just for the rich and famous, they can be used by anyone who wishes to protect their assets in the event of a divorce or separation. Not only can a prenuptial agreement protect your own assets but it can also be used to shield yourself from any debts that your partner may have, as well creating provisions for your children, such as protecting their inheritance.
Prenups are not, currently, legally binding in the UK. However, there is instance where an agreement is more likely to be upheld in court, these instances are when:
In order to keep a prenup up to date, you should regularly review the terms and adjust them where necessary. For example, if you and your partner have children, you should include any provisions for them within the agreement.
In order to maximise the protective effect they can offer, parties need to ensure that their agreement meets very specific criteria. The law surrounding these documents can be complicated.
This is where we are able to help, offering clear and pragmatic advice at the outset, which can be more cost effective and less stressful than dealing with it later, at the time of a separation or divorce.
If you wish to draw up a prenuptial agreement but are already married, then a postnuptial agreement would be more appropriate for your situation. A postnuptial agreement is a written agreement, similar to a prenuptial agreement, that is executed after a couple has been married.
Finding the right lawyer can be a difficult job, therefore why not arrange a free 45-minute consultation at one of our offices or arrange a video consultation with us via Zoom, WhatsApp or Facetime.
Our flexible video conferencing service is available Monday to Friday from 8:30am to 6pm, until 9pm on Thursdays and between 10am and 3pm on Saturdays.
We offer a free initial 45 minute consultation to give you the opportunity to meet us and find out more about pre- and post-nuptial agreements before deciding if you wish to proceed in instructing us to act on your behalf.
For more information about arranging a Prenuptial Agreement or Post-nuptial Agreement, please contact K J Smith Solicitors on 01491 630000 (Henley on Thames), 0118 418 1000 (Reading Head Office), 0118 418 1200 (Reading Central), 01256 584000 (Basingstoke), 01483 370100 (Guildford), 01494 629000 (Beaconsfield), 01344 513000 (Ascot), 01635 785 100 (Newbury), 01962 587900 (Winchester), 0204 599 7400 (Richmond) or email email@example.com.
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