What are Pre-Nuptial Agreements?
Pre-nuptial agreements can be used to set out rights and obligations over property and finances by a couple if their marriage or civil partnership is dissolved.
Pre-Nuptial Agreements are worth considering:-
-
If one or both partners have children from a previous marriage or relationship – a Pre-Nuptial Agreement can be used to protect any money set aside for those children, e.g. money towards further education, so that this money is not treated as a marital asset to be divided between partners.
-
To protect assets earned before the marriage for parties entering a marriage or civil partnership later in life where both have independently-earned wealth, the agreement may help protect those assets where it allows for a reasonable distribution of assets earned during the marriage or civil partnership.