Everything You Need to Know About Prenuptial Agreements

No one wants their marriage to end up in separation. Although with the couple’s best efforts, over 50% of marriages fail and end with a legal separation. Given these figures, it’s a good idea to think about a prenuptial agreement before tying the knot.

Since 2010, prenups contracts have grown in popularity in the UK, and prenups are now more likely to be sustained by a court provided they fulfil specific requirements established by the Supreme Court.

Let’s take a look at the details of prenuptial agreements to educate you better to appreciate their advantages and want you to want to know before creating one.

What is Prenuptial Agreement?

A prenuptial agreement or a prenup is a written contract between two individuals before they marry that spells out how their assets will be shared if the marriage fails or the partner dies.

Prenuptial agreements usually describe how residences, money, and possessions will be divided, but they cannot define how child custody would be determined. They can also discuss whether or not the parties will agree to forego maintenance or support payments.

If one of the spouses dies, a prenuptial agreement might address the rights of the remaining spouse. This agreement also permits the parties to agree on most topics relating to the rights and duties of married people, with the exception of children’s rights. For instance, how the parties plan to handle day-to-day expenditures.

What If You Don’t Have a Prenuptial Agreement

If you don’t have the prenuptial contract, the division of shared property is governed by the applicable state family laws. After then, the laws define who gets to keep the cash or assets obtained during the union.

They may also have to say about the belongings you had before you married.

Advantages of Having A Prenuptial Agreement Done

Many people think that prenup contracts are only for the rich; however, this is an old belief. A prenup contract can now be beneficial to practically everyone.

The following are some of the most significant benefits of these contracts:

• Prevent one person from being held responsible for the debts incurred by the other.
• Safeguarding any assets acquired before the marriage.
• A surety on how possessions will be split up in the case of a death or divorce.
• Reducing the likelihood of a costly and prolonged legal struggle.
• Waiver of maintenance or alimony payments.

Find The Ideal Legal Advisor in Wembley, Middlesex

You must speak with an expert attorney to guarantee that a prenuptial agreement safeguards the rights of both parties concerned from getting a legal separation after marriage.

Wembley Solicitors have friendly and knowledgeable solicitors that can help you with the most updated legal advice.

Some of our legal services also include car passenger accident claims, immigration in London, hit and run accident claims, child custody claims, and more!

Check out our fees to get started today.