Lifted Covid Restrictions, Wedding Plans and Prenuptial Agreements
At last - Covid restrictions are lifted! Wedding Venues are re-opening in line with the welcome news that family and friends can now come together in more meaningful numbers. Couples, right across the UK, can now turn to their delayed wedding plans.
Whilst a great deal of planning goes into most weddings, little consideration is often given to each individuals accrued wealth and what happens to that wealth once marriage has taken place. As with many couples, at this exciting time of their lives, the possibility of a fall out, separation and divorce is the furthest thing from their minds. However, that was also the case with the 42% of UK married couples who went on to get a divorce!
If you are planning to get married and have considerably more wealth than your intended, by way of property, investments savings and perhaps an inheritance, you do need to be practical and give serious consideration to putting a Prenuptial Agreement in place.
Although a prenuptial agreement is not strictly enforceable, under English and Welsh law, a solicitor drafted prenuptial agreement, signed by your intended - through their solicitor, carries a lot of weight in court and can go a long way to shielding you from any claims on wealth that you accrued prior to your marriage. This has been proven, over the last 20 years and through one or two, high profile divorce cases.
Think of a prenuptial agreement as an umbrella; you hope you never have to use it, but if it does rain, you will be glad you have one and it might Just help to shield you from the worst. It also means that you are helping to maintain an inheritance for any children you might have from any former relationships.
RJS Family Law are experts when it comes to prenuptial agreements and will provide you with a personal, ‘one to one’ service. Get in touch now - for a FREE initial consultation and to book an appointment.