Pre-Nuptial Agreement UK | P.A. Duffy & Co Solicitors

Pre Nuptial Agreements

A pre-nuptial agreement is essentially an agreement made between a couple before marriage which sets out how both parties wish for their assets to be divided in the event of a marriage breakdown. A pre-nuptial Agreement can be a useful tool to ensure financial security and avoid complicated litigation to resolve conflict in relation to financial disputes upon the breakdown of a marriage.

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Why You Should Consider a Pre-Nuptial Agreement

It is perhaps not the most romantic gesture prior to your wedding day, nonetheless, it is important to be pragmatic and consider that if your marriage breaks down your assets will be vulnerable without a pre-nuptial agreement. It is also possible to make a post-nuptial agreement, which essentially has the same effect as a pre-nuptial agreement. However, it can be more difficult to come to an amicable agreement when a relationship has broken down.

How We Can Help

Our expert family law solicitors aim to make divorce proceedings as painless as possible. It is always favourable to reach an amicable split when a marriage breaks down.

At P.A. Duffy and Co Solicitors Dungannon, we offer professional and compassionate family law services. Our family solicitors are highly specialised in drafting these agreements and will be able to ensure that your interests will be protected if the worst should happen, and your marriage breaks down. We aim to relieve your burden and come to a resolution that you are happy with.

FAQs

Prenuptial agreements are established to safeguard a variety of assets, with customization to suit your and your partner's specific requirements. Typically, they include an inventory of your assets, outlining how these assets should be managed during your marriage and how they should be divided if the relationship ends. Any assets you wish to remain separate and not subject to division in the event of a future divorce should be explicitly covered in the prenuptial agreement.

The agreement will generally include:

Income
Pension pots
Business interests
Inheritance
Premium bonds
Savings held in bank accounts
Property held in your sole name or joint names

To start creating a prenuptial agreement, compile a comprehensive list of all your assets, both sole and shared, and determine how they should be handled in the event of divorce. When executing a prenuptial agreement, you can establish the outcome, including asset retention by one partner, asset division, and the portion each partner will receive. Such an agreement can potentially prevent automatic asset sharing with your partner in any divorce settlement.