Prenuptial agreements can create certainty for those contemplating marriage and can be a means of protecting assets owned before the marriage, inheritance, and existing family commitments such as children from a previous relationship or marriage.
A prenuptial agreement is a formal document in which a couple set out their rights and intentions in relation to any property, income, savings, debts and other assets either purchased together or acquired individually.
Once individuals get married these assets become matrimonial assets and, unless specifically protected, are thrown into a single financial pot. The primary purpose of a prenuptial agreement will often be to limit the potential claims on the wealth and assets of one of the parties to the marriage.
If you would like advice or assistance in relation to prenuptial agreements give one of our solicitors a call on 01206 500181