After The Yes…… Is It Time For A Pre-Nuptial Agreement?

St Valentine’s Day – 14 February a day for cards, presents and wedding proposals!

After the proposal has been made, the ring chosen and a date set for the big day, couples need to consider the legal implications of marriage.

For those who have current or future wealth or who are marrying for the second or third time, pre-nuptial agreements are particularly important.

- Shona Alexander

Pre-nuptial agreements are commonplace in Europe and in other parts of the world such as the USA. They have attracted a great deal of publicity over recent years and they are no longer the preserve of the rich and famous.

However, whilst the term “pre-nuptial agreement” or “prenup” may now be well-known, what they actually are and do is less known, so below are answers to some of the key questions that are often asked:

What is a pre-nuptial agreement?

It is an agreement made between a couple, before they are married, which sets out how they have agreed their assets and income should be divided in the event of a divorce. The agreement may take into account the assets which are currently owned, future assets that may be inherited or gifted, business interests and worldwide assets. It will address the individual circumstances of the couple.

Why do people have a pre-nuptial agreement?