Introduction to Pre-nuptial agreements
A pre-nuptial agreement sets out the parties’ joint intention prior to marriage or civil partnership on how the assets should be divided in the unfortunate event of divorce/dissolution.
Some couples can feel uncomfortable about discussing financial arrangements for the future. Some feel that to consider the potential breakdown of a relationship whilst still in a happy relationship is negative or unromantic. However, discussing these aspects of your relationship at the beginning is very sensible and drawing up an agreement can help to determine the practical elements of getting married as well as giving you both peace of mind.
Pre-nuptial agreements are used by couples who have assets to protect, particularly where one party has substantially more than the other and their assets are not equal.
Pre-nuptial agreements are not about not trusting your partner, but about providing for the future. They can provide peace of mind but can also save couples a lot of money in the long run.
Until recently pre-nuptial agreements were not recognised in the UK. However, following a high profile case, although pre-nuptial agreements are not cast iron agreements, they do hold significantly more weight than ever before and provided certain formalities are followed and the agreement is considered fair, the courts are likely to recognise them.
If you are getting married and have assets to protect, it is worth seeking professional legal advice. It is recommended that the agreement is entered into at least six months prior to the wedding, so seek early advice.
A solicitor will not be able to advise both of you and therefore you will need to each seek independent legal advice from different law firms.
Often making a Will is the last thing on your mind, but it is one of the most important things you will ever do. A Will sets out who your money and property (your estate) will pass to after your death.
If you do not make a Will, your estate passes according to the statutory intestacy provisions, an often inflexible and unfair system.
Buying a Property
At Steeles Law we passionately believe that buying a new home, especially for the first time, should be exciting and as free as possible from any stress or worry.
Buying a property is one of the biggest investments anyone will ever make. It will certainly be the most important, so it is vital to ensure that the legal work carried out in relation to the transaction is done so effectively and efficiently.
At Steeles Law, we understand that costs can be a worry and therefore we have developed a range of flexible, fixed fee services. Contact our friendly private client team for further information.