While no-one marrying expects to divorce, we all know that a significant number of marriages sadly later breakdown. While it may be unromantic to discuss finances, a prenuptial agreement can reduce disagreements (and legal costs) if you do separate in the future.
Prenuptial agreements can be particularly appropriate where:
- One or both of you have substantial assets or income.
- One of you owns a business, or a share in a business.
- You have children from a previous relationship and want to protect assets for them.
- One or both of you have lived, or plan to spend a significant amount of time living, in another country.
The law regarding prenuptial agreements in England and Wales is complex and evolving. It is strongly recommended that both parties receive independent specialist advice before entering into an agreement. The agreement must be carefully drafted to ensure that it is likely to be upheld on divorce.
David Kirkman is a member of Resolution, a body of professionals committed to a constructive approach to family law. He specialises in dealing with finances and child arrangements following separation or divorce. He has experience of drafting and advising on prenuptial agreements involving high net worth individuals, including beneficiaries under family trusts.
Please contact David Kirkman on 01873 852535 to discuss your individual circumstances and how we can help you.