Better to be safe: Pre-nups, post-nups and cohabitation agreements
Plan ahead for your future together with detailed pre-nuptial, post-nuptial or cohabitation agreements.
Effective relationship planning now could save you from potential litigation and substantial legal costs should you separate later. Relationship agreements can ensure that you keep on amicable terms after separation, reducing unnecessary distress to you, your partner and any children involved.
Prenuptial agreement legal advice
A prenuptial agreement (pre-nup) or pre-marital agreement protects your personal assets that you bring into your marriage or civil partnership.
Pre-nuptial agreements are not just for celebrities or high net worth couples. A pre-nup is well worth considering if you:
- Have children from a previous relationship and wish to preserve their inheritance.
- Own asset/s passed through generations of your family.
- Have worked hard to accrue assets in your own name and wish to preserve them for the future.
The law and prenuptial agreements
Prenuptial agreements are not yet legally binding in the UK. However, they can be taken into consideration by judges in financial proceedings within a divorce. If put into effect, the Divorce (Financial Provision) Bill [HL] 2019-20 will change that, such that: “A pre-nuptial or post-nuptial agreement in writing and signed by both parties to the marriage is to be treated as binding on them.“ The Bill is currently progressing through Parliament. At LGFL, we carefully monitor the progress of such Bills as part of our proactive approach to serving our clients best.
Getting married? Talk to LGFL now!
Call us to talk through your options in good time before your marriage or civil partnership. We will help you both draw up your pre-nup with our trademark blend of empathy and pragmatism. So you’ll have a pre-nup you both feel happy with.
Pre-civil partnership agreements
Both same sex and opposite sex civil partnerships now give you very similar legal rights and responsibilities to a marriage. So, protect your assets in the event of a civil partnership breakdown with a prenuptial agreement. Call us to discuss your situation in complete confidence.
Cohabitation agreements are designed to protect your assets if you decide to move in together but not get married or enter a civil partnership. A cohabitation agreement details how both your assets, including property, would be dealt with if you split up. It can also make provision for children.
Keep your agreements up to date
As your financial position changes over time, you may need to adjust the terms of your pre nup, post nup or cohabitation agreement. Call us for expert advice and help in bringing your agreement up to date – 01189 735521.