Pre-Nuptial Agreements

Pre-Nuptial Agreements

Although a pre-nuptial agreement (or pre-nup for short) may not seem to be the most romantic gesture, they can certainly be very useful to protect each spouse’s financial interests should an event such as divorce later occur. Many celebrities are reported to signed a pre-nup such as: Khloe Kardashian and Lamar Odom, Ashton Kutcher and Demi Moore, and Tom Cruise and Katie Holmes, to name but a few. Whilst pre-nups are not binding on the English court, they are a factor which can be taken into account by the court on a subsequent divorce.

However glamorous pre-nups may appear, in the “honeymoon” stage of the relationship something that may seem like an inconsequential request in a pre-nup, could later be detrimental to a spouse if they should later divorce. So pre-nups are not always right for everybody.

But should you consider getting a pre-nup?

Should I consider signing a pre-nup?

Do you…

  • Have children or grandchildren from a previous marriage and would like to protect their inheritance rights?
  • Own a business and would like to protect your interest should you later divorce?
  • Have a partner who is in a significant amount of debt and you wish to protect yourself from this debt should you marry and later divorce?
  • Want to limit the amount of spousal support that you may have to pay should you later divorce?
  • Have substantial wealth and wish to protect your financial interest in the event that you should later divorce?

Are you…

  • An older person who wishes to protect your financial interest in the event that you should later divorce?
  • Getting married for the second or more time and wish to protect your financial interest in the event that you should later divorce?

If your answer is yes to any of the above questions, then a pre-nuptial agreement may be beneficial to you.

Our family department has over 26 years experience in family law, working with clients from all backgrounds and from all over England and Wales. If you would like to discuss pre-nuptial agreements further, please feel free to contact Jade Price on 0161 615 5554 for a free no-obligation chat.

Should I consider signing a pre-nup? Probably not!

Do you…

  • Feel that signing a pre-nup (setting out what would happen upon divorce) before marriage would give rise to a lack of trust in the relationship?
  • Feel that you may be signing a contract which is not in your financial interest?
  • Earn a low (or no) wage and are not happy that signing a pre-nup would prevent you from claiming spousal support should you later divorce?

Are you…

  • Planning to give up a well paid career (for instance to care for children)?
  • Financially weaker than your partner or likely to be so in the future?

If you can relate to any of the above scenarios, then perhaps signing a pre-nup would not be in your best interest.

Has your partner has asked you to sign a pre-nuptial agreement and you think that it may be detrimental to you?

Our family department has over 26 years experience in family law, working with clients from all backgrounds and from all over England and Wales. If you would like to discuss pre-nuptial agreements further, please feel free to contact Jade Price on 0161 615 5554 for a free no-obligation chat.