Pre-nuptial agreement
A prenuptial agreement, commonly referred to as a prenup, is a legal contract entered into by a couple before they get married or enter into a civil partnership. It outlines the financial and property arrangements in the event of a divorce, separation, or the dissolution of the civil partnership.
A prenuptial agreement allows couples to determine how their assets, debts, and other financial matters would be divided if the relationship ends. It can address issues such as property division, spousal maintenance, inheritance rights, and any other financial matters that the couple wishes to include.
To be legally valid and enforceable in the UK, a prenuptial agreement must meet certain requirements. It should be entered into voluntarily by both parties without any pressure or duress. It should also be fair and reasonable at the time it was made and should not undermine the needs of any children involved. Full financial disclosure is typically required to ensure transparency and fairness.
It’s important to note that prenuptial agreements cannot address child custody or child support matters since these issues are determined based on the best interests of the child at the time of the divorce or separation.
It is recommended that individuals seeking a prenuptial agreement in the UK consult with a qualified family law solicitor to ensure that the agreement meets all the necessary legal requirements and reflects their intentions and circumstances accurately.