PRE-NUP – WHAT’S THAT ? DO I NEED ONE ?
With the romance of Valentine’s Day now behind us, let’s talk again about the practical aspects of our relationships.
With the unavoidable increase in divorce and separation rates, it means that more of us who are getting married or moving in together are not “first timers“. Not only that, either one or both parties may have children from a previous marriage. This can mean ongoing financial ties to an ex-partner and possibly having a home or assets to bring into the new relationship.
So it’s more important than ever for couples to take a small step back from the romance of their new relationship or wedding plans and think about the practicalities. If they are about to start living together, or planning to tie the knot, they should take legal advice on having a Cohabitation Agreement or Pre-Nuptial Agreement.
These don’t have to be long or complicated documents. The aim is to record what can be agreed amicably straight away, to cover what would happen if you ever did split up:-
- Do you get to keep the property you brought into the relationship ?
- Do you have to financially support one another after separation ?
- How do you split anything held in joint names ?
- Do you have to share any debts ?
The idea of considering a pre-nup early on is to avoid the time, anxiety and cost of a complex legal battle further down the line. Of course no-one has a crystal ball and your thoughts on how assets should be divided between you may change if you are married for many years, or if you have children together but in that case, no problem – you simply agree to review the terms of the Agreement on certain “trigger” events.
If you would like more information on having a Cohabitation or Pre-Nuptial Agreement drawn up please contact
0208 363 4444 email@example.com
01992 463727 firstname.lastname@example.org
Curwens LLP is your local firm of solicitors offering you expert legal advice when you need it most.
Offices in Royston, Hoddesdon and Enfield.