6 Reasons Why Engaged Couples Should Sign Pre-Nuptial Agreement

While pre-nuptial agreements may sound very unromantic, they can definitely prevent surprises during divorce proceedings and help both parties preserve their expectations. There are hardly any cases where the court refused to enforce a pre-nuptial agreement, which shows the important role they play in helping individuals deal with the messy terrain of divorce.

While there may be partners who have reservations in disclosing their assets to their partner’s attorney before marriage, they need to understand how important pre-nuptials can be. It is more than just a formality, as it lays everything on the table so that things are not complicated later on.

If you are engaged and haven’t signed a pre-nuptial agreement yet, then here are some reasons that may convince you to do so:

You earn higher than your partner

If your annual income is more than your partner’s annual income, you have more to lose in case of divorce.

Having a pre-nuptial agreement will also let make it clear whether your partner is marrying you or your money.

You have children

If you have children from your previous marriage and are paying child support, the pre-nuptial agreement will ensure that your assets are distributed in accordance with your will.

This will ensure that that none of your families are made to give everything up in case things don’t work out.

Your partner has debt

This may be one of the top reasons why you may want to sign a pre-nuptial agreement.

If your partner has a high debt load, all your savings and assets could be used to pay it off in case of a divorce. The only way to avoid that is to sign a pre-nuptial agreement.

You want to establish ground rules

You never know when things may go wrong and you end up losing your job. If your partner isn’t ready to take up his/her side of the financial responsibility, then this could create several problems in raising your family in the future.

Therefore, it is always better to have certain ground rules, especially when it comes to sharing financial responsibility. A pre-nuptial agreement will help you do just that.

You have assets that you want to protect

If you have certain assets that are too valuable or mean a lot to you, then it is better to protect them through a pre-nuptial agreement.

Although court will recognize premarital property in any case, after several decades of marriage it could become quite difficult for you to prove that you owned a certain asset before you were married.

You have a Business

If you have a business of your own, a divorce may mean that your partner gets awarded a stake in your business.

A prenuptial agreement is the only way to ensure that the business stays in your control.

How is a pre-nuptial agreement signed?

It is important that you focus on the importance of having a pre-nuptial agreement rather the aspects of it being unromantic. Marriage is a major commitment, and you and your partner should be mature enough to talk about financial security in case things don’t work out.

Signing a pre-nuptial agreement is pretty straight forward. Get in touch with if us and our team of experts will start drafting a pre-nuptial agreement for you and guide you about the whole process. We are the leading family law solicitors in the UK and help partners and couples in various aspects of family law.

Contact us by calling 020 2417 3700 or visit our website if you want to learn more.