
Prenuptial Agreements: What's in it for both parties?
In reality, while it is often the case that a prenuptial agreement is led by one party who has more assets to ringfence, agreements should seek to protect both parties.
Although nobody enters into a marriage intending to get divorced, many couples understandably prefer to prepare for the possibility of a relationship breakdown, and prenuptial agreements are fast becoming a normal part of preparing for marriage.
A prenuptial contract is a formal written agreement created before marriage that details how certain assets are to be treated should the marriage terminate. It can cover a range of assets, including those acquired pre-marriage or inherited such as property, savings, shares and other belongings.
Once married, these assets, if reinvested or changed in any way, could become matrimonial assets and be considered to belong to both parties unless specifically protected. A prenuptial agreement can be as simple or as complex as required, and our specialist family lawyers can support and guide you through the process.
We can explain how prenuptial agreements work, prepare and draft the agreement or revise an existing agreement, protect your assets to help avoid lengthy court battles should you separate, and help you understand the potential legal implications if one of you lives or spends a substantial time in another country during your marriage.
In reality, while it is often the case that a prenuptial agreement is led by one party who has more assets to ringfence, agreements should seek to protect both parties.
Are prenups valid in Scotland? Marika Franceschi answers this frequently asked question, and looks at some key points couples should consider.
With lockdown bringing a focus on people's living arrangements, this year has seen more couples take the next step to move in together. However, in doing so, a lot of people are perhaps unaware that this may have legal implications for them.
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