Prenuptial Agreement Solicitors in Harpenden

Prenuptial Agreement Solicitors in Harpenden

More and more couples are now seeking a formal agreement prior to marriage.  Is a prenuptial agreement on your wedding checklist?

What is a prenuptial agreement?

You will often hear a prenuptial agreement referred to as a prenup. A prenup is an agreement entered into in advance of marriage (preferably at least 3 months prior to the wedding date to avoid suggestions of undue influence) that sets out the arrangements which the parties intend to make. It can outline arrangements for living together during the marriage but usually sets out the division of assets and income in the event that the marriage fails.

Who should consider entering into a pre-nuptial agreement?

Typically where one party to the marriage has a greater capital or income base than the other they may wish to protect their position in the event of a separation, as the spouse may have a claim on at least 50% of the available assets or more, if they can establish a need. Of course, young engaged couples might also wish to ensure that they have a clear agreement for the future in case the statistics on divorce catch up with them; it might help them to avoid the potentially lengthy and expensive litigation which often accompanies divorce. 

For such an agreement to be effective it is important that both parties understand the real meaning of the agreement, that is, not only what they are entering into but what they are giving up by signing the agreement; for that reason it is important that each party is legally advised before signing the agreement.

Previously, the accepted view was that as the court had to be guided by these issues the parties could not oust the jurisdiction of the court by settling their own arrangements in advance of the marriage.

More recently the courts have been prepared to use a provision that allows them to consider all the circumstances and in that context to take account of agreements which the parties had made between themselves; in addition to the matters referred to above.

What is a Postnuptial Agreement?

A postnuptial agreement is entered into after the marriage but in all other respects is very similar to a prenuptial agreement. Some couples have both a prenuptial and a postnuptial agreement.

How can we help?

At Neves Solicitors, Harpenden our specialist lawyers frequently draft both prenuptial and postnuptial agreements for our clients and advise on the effect of such agreements when a marriage fails. If you are thinking of marrying why not have a chat with a member of our Family Law team who can advise you as to whether such an agreement will be right for you.

Get in touch with our team based in Harpenden by calling 01582 715234, email family@nevesllp.co.uk or complete our contact form and we'll get back to you.

Iain MacAskill
Solicitor - Divorce and Family Law
Heidi Fleming
Senior Associate - Divorce and Family Law