Prenuptial Agreements: All You Need to Know

If you’re already engaged or thinking about asking the question, first, it’s important to learn about prenuptial agreements. Everyone holds a different opinion about whether it is a good idea. Depending on the situation, it is your personal choice to either opt it or leave it altogether. After all, what may be right for you may not be suitable for someone else and vice versa.

Take a look at the pros and cons of prenuptial agreements before tying the knot with your future spouse.

Pros of Prenuptial Agreements

Many people consider it as a thing for the richest only. While it is true to some extent that only the people with bigger bank accounts have a prenuptial agreement signed before getting married. However, these agreements can benefit others as well. Some advantages are avoiding conflict during a divorce, reducing the cost and time, and putting rules and procedures in place.

This agreement allows a property owner to protect the right of their personal property by documenting each and everything before getting married. Doing this, you will not have to worry about getting your property back after getting a divorce as they are separated from the divorce proceedings.

You can also avoid further involvement of the legal bodies for property distribution. It simply supports your estate plan, which means each party gets to know beforehand what belongs to whom in case a divorce happens. It saves a great amount of time which could be the case if further court involvement occurs in the absence of a prenuptial agreement.

Cons of a Prenup Agreement

While prenup agreement provides ease with responsibilities, finances, and property distribution, there are some negative components attached to it. For instance, if the law already covers the items under consideration of a prenup, the agreement is unnecessary. Moreover, anything related to child custody or child support is not detailed under a prenuptial agreement. Even if you try to put some clauses related to it, the court will give the final verdict. In this scenario, many other factors come into play, and the legal bodies get to decide whatever is best in the child’s interest.

Lastly, a prenup agreement is not there to specify any personal preferences of each of the parties. For instance, you cannot mention the school your child will attend or the destination where you will spend your holiday. Overall, it does not address all the minor disagreements between couples.

Seeking Legal Advice For Prenup?

If you’re still confused about getting a prenup, it’s better to get legal advice from professionals, and we, at Wembley Solicitors, can help you with that.

We also provide legal advice on several other issues, including personal injury, children’s law, family law, civil litigation, commercial lease, and UK immigration. Contact us if you’re interested in learning more about the Wembley Solicitors and our services.