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Acclaimed Family Law are experienced and dedicated experts in prenuptial agreements in Sheffield, and we offer an outstanding service to the entire area, including Rotherham and Barnsley. Get in touch today for your free consultation.
What is a Prenuptial Agreement?
A prenuptial agreement is an agreement made between yourself and your partner, prior to your marriage. This agreement outlines which matrimonial assets will be owned by whom in the unfortunate event of the marriage failing.
In this modern age, many family situations are becoming more complicated than ever before. Parties are getting married for a second or subsequent time and may have children from previous relationships.
They may also be bringing assets or property into the marriage with them. It’s extremely important that parties think about what might happen if the relationship breaks down and they become involved in a costly dispute.
Why sign a Prenuptial Agreement?
Asking your partner for a prenuptial agreement may not be the easiest thing to do when you are planning your wedding, but nobody can predict what the future may hold. Putting a prenup in place is therefore a sensible way to protect your future.
We have seen many prenuptial agreements that simply state the parties will keep their own assets in their own names in the event of the marriage breaking down. This might be adequate if the relationship is a short-lived; however, in cases where the marriage is longer lasting or children are born into the marriage, it may not be possible to put such a prenuptial agreement into effect. What is “fair” needs to be regularly reviewed and if a situation arises that your prenup hasn’t catered for, it should be revisited and updated.
The cost of risking your future income and placing your assets under attack is substantially higher than the cost of a well-drafted agreement. Both parties usually need to seek advice from a family lawyer or at least be given the opportunity to do so.
What other reasons are there for a Prenuptial Agreement?
- It can help if there are assets and property that would be difficult or impractical to split 50/50.
- It can help protect inherited money or assets in the event of divorce.
- It can help you have a say in how financial issues would be resolved if the marriage breaks down.
- It can help you safeguard control over a personally owned business.
- It can protect you from being liable for any outstanding debts your partner has.
Depending on your circumstances, there are many different ways a prenuptial agreement can be applied to help both you and your partner. The best way to find out is to chat to a qualified solicitor.
Contrary to popular belief, it’s possible to enter into an agreement after a marriage has commenced. The same considerations that apply to prenuptial agreements also apply to postnuptial agreements.
Speak to a Prenuptial Agreement expert in Sheffield today
Here at Acclaimed Family Law, we are passionate about helping you fix your future, and prenuptial agreements are special area of expertise. All our solicitors are highly regarded experts in family law, and they will not rest until you are satisfied with the quality of advice and service you have received.
If you would like free, no obligation advice regarding prenuptial or postnuptial agreements, please complete the accompanying form or call us on 0114 5517555 to arrange a 30 minute consultationin Sheffield.
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