Rumour has it has it that Britney Spears entered into a pre-nuptial agreement to protect her $60 million fortune and there is a misconception that pre-nuptial agreements are just for celebrities. In truth, anyone can enter into a pre-nuptial agreement and there are certain circumstances where is should certainly be considered, such as a disparity in wealth, where there are business assets or a prospect of future wealth through inheritance or otherwise.
Whilst they may be considered unromantic by some, they are in fact a very sensible consideration for couples who wish to enter into the marriage with a sense of openness and honesty about their financial situations. The agreement will reflect the couple’s financial situation and stipulate any agreement reached about how their finances will be divided in the event their marriage fails. It can often increase the trust in a relationship and it will also remove the uncertainty and stress attached to any difficult decisions about the marriage in future.
In the absence of a pre-nuptial agreement, when a couple enter into a marriage, their respective assets may become matrimonial and form part of the ‘pot’ for division in divorce.
Our family law team have extensive experience in advising and assisting clients with pre-nuptial agreements and will be more than happy to discuss whether an agreement is right for you. If you would like more information, please do not hesitate to contact a member of our team on 01952 291666.
Laura Tarbuck, Solicitor and Associate
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