What Is A Pre-Nuptial Agreement?
While it’s not binding upon a court, the courts are starting to recognise the importance of these agreements when deciding finances during separation, divorce, or dissolution. They do give weight to the contents, whether the agreement is fair, or whether it favours one person over the other.
These agreements should be signed at least 21 days before a marriage or civil partnership.
Both parties should get independent advice.
What Is A Post-Nuptial Agreement?
This is a formal written agreement, like a pre-nuptial agreement, but made following a marriage or civil partnership.
It sets out how the couple’s assets and property would be split in the event of a divorce, dissolution or separation.
What Is A Living Together Agreement?
This document outlines your financial arrangements while you live together.
The ownership of current and future assets is set out, as is how you manage your everyday expenses.
The agreement also looks at what would happen on the death of one of the partners.
This should be a ‘living’ document which is reviewed regularly to ensure it remains valid. This is especially important if you have children after the agreement is drawn up.
Consider preparing a formal declaration of trust over the purchase of a joint property. This will outline what percentage of the property each partner owns.
What We Will Do For You
We draw up pre-nuptial, post-nuptial, and living together agreements, making them clear and easy to understand.
We can also discuss the preparation of a will.
This is particularly important for those couples who are not married or in a civil partnership.
Your partner may well get nothing if you die – the state will decide on your estate.
Our experienced solicitors will talk to you about how best to provide for your partner upon your death.