5 Facts You Must Know About Prenuptial Agreements
A prenuptial agreement is an agreement signed by a couple before entering a marriage.
It explains what will happen to their individual assets if they were to get divorced.
A prenuptial agreement is used to help protect assets and stops them being spilt when a divorce is processed.
There are 5 Facts you must know about a prenuptial agreement. They are as follows:
1.FULL disclosure is required.
When a couple enters a prenuptial agreement they have to be open and honest about their finances. This includes any debt, inheritance, and investments.
If one party does not provide an open and honest disclosure of their finances then the other party could void the entire agreement.
It’s VERY important to ask any questions that you feel are relevant to your prenuptial agreement before signing. If you have the opportunity to ask a question but do not, then this could affect you if you were to get divorced.
2. Prenuptial agreements aren’t just for the rich
Many believe that prenuptial agreements are just for the rich. However, this is not true. Prenuptial Agreements allow you to understand your partner’s financial situation in full. This is something that you may not be fully aware of yet.
It also allows you to make decisions based on spousal support and matters regarding children. These are both key pieces of information that are good to know.
3. A prenuptial Agreement cannot include certain matters
A Prenuptial Agreement cannot include:
• Any information that encourages divorce.
• Any information that includes anything illegal.
• Any personal information that does not involve financial matters.
• Any decisions regarding child custody.
4. Are prenuptial agreements legally binding?
Prenuptial agreements are not yet legally binding in the UK. However, judges are much more likely to take the agreement into consideration. In most cases they will uphold it in court providing it has been drawn up correctly.
5. Why do couples get a prenuptial agreement?
• One is much wealthier than the other.
• One person has acquired more debt than the other.
• If one or both people have been married before.
• If they are children involved from a previous relationship.
• If one person is older than the other and has acquired more in life.
• They have only known each other for a short period of time.
• One person does not work or has no plans to work.
We can provide you with a professionally drafted prenuptial agreement based on the information you provide us. We handle your entire agreement for you; once your agreement has been drafted we will then send it to you to be signed.
This entire process is rather straightforward providing that both parties are in agreement, the whole service is usually completed within 28-31 working days.
Our prenuptial agreement service will cost you just £299, no hidden fees or hourly charges. Saving you over £750 compared to your high street solicitor.
Call us on 01793 384 032 to find out how we can help you!