PRENUPS & POSTNUPS
Prenuptial and postnuptial agreements are essential to any marriage where one party is bringing in large estates or assets. If you or your partner is wealthy or have been married multiple times previously, a divorce could lead to some serious financial ramifications.
According to the Office of National Statistics, 42% of marriages today will end in divorce. Whilst it may seem unromantic to think about separating from someone you are just about to, or have just married, a prenup and postnup agreement is about securing your future, inheritance and assets should the worst happen.
In recent years, there has been a 50% increase in the UK into enquiries relating to prenup and postnup agreements
WHAT IS THE DIFFERENCE BETWEEN A PRENUP AND POSTNUP?
A prenup is an agreement created before a couple get married. Stated in this agreement is how the couple will divide any assets that they have brought into the marriage, should it come to an end in the future.
When a couple separate, a prenup can save a lot of heartbreak and money. They can potentially prevent disputes, time and energy, and expensive court fees by stating exactly who gets what, leaving no room for argument.
A postnup agreement is created after a couple get married, but is otherwise similar to the prenup. When considering a postnup, it is important to note that once you say "I do", your assets become marital property. The way these assets are split, as well as any future earnings, are determined in the postnup agreement.