Do Prenuptial Agreements Work In The Uk
Following a review of marital real estate contracts, the Law Commission issued a report in 2014 recommending the introduction of „qualifying marital contracts” as enforceable contracts that would allow couples to make binding arrangements on the financial consequences of divorce or dissolution. In January 2017, the government said the report and the recommendations of the Legal Commission were still under review and would respond in due course. In other words, if the agreement is considered fair, the court will uphold it. However, if the agreement is at odds with the needs of the persons concerned or with those of the children of marriage, these needs are probably considered more important than the terms of the marriage agreement. If you and your partner wish to make a marriage pact, you should seek definitive advice to ensure that any documents you both sign are legally binding. If you would like independent family advice on a marriage agreement, please contact our family law team on 0808 231 6369 or request a reminder online. We look at when a marriage deal is a smart idea and if you should have one if you tie the knot in the near future. A marital agreement is generally established to protect the more affluent spouse, while this may raise questions about equity for the other spouse, who may not have more savings or income to support himself after the end of the marriage. This was the first time that marriage contracts had been recognized as enforceable under British divorce law. In summary, a marriage agreement should be considered for one of the following reasons: more advantageous services might be perfect for some couples, but a marriage agreement can be an incredibly sensitive agreement that can take time, so a quick „anticipated” cost service may not be appropriate.
Marital arrangements are only suitable for couples if one half of the couple has many more assets than the other. If you are considering a marriage pact or have already decided that you want to have one, we strongly advise you to speak to one of our local QualitySolicitors who will help you with all options and ensure that the agreement will have the best chance of facing court review.