Written as an agreement between a couple intending to marry, a prenuptial agreement is put into place in order to set out the position in respect to finances, in the event that the couple either separate or divorce. Although they are not legally binding, prenuptial agreements can be brought into court of law if a dispute arises.
Although most, if not all, couples never intend to separate, an unfortunate truth is that many marriages do end in divorce. Drafting a prenuptial agreement can help with the following:
- Avoiding future disputes on matters of finance, should the marriage end
- Protecting pre-acquired assets and inheritance
- Protecting assets for children of a previous marriage or relationship
- Limiting any liability you may have for your husband/wife’s debts
Prenuptial agreements are increasingly popular, as they help to avoid an unsettling and upsetting divorce, should the couple ever separate. Prenuptial agreements can be made by couples intending to marry or enter into civil partnership.
More information on how to proceed with a prenuptial agreement can be offered by a member of the TDP team on 0151 242 5111. With years of experience in Family Law, our team can help you no matter what your assets or financial wealth.