Prenuptial (prenup) and postnuptial (postnup) agreements have become a common feature of modern marriages in the UK. In civil partnerships they are known as ‘pre-civil partnership agreements’.
A prenup sets out what should happen to a couple’s assets and income in the event that their marriage or civil partnership breaks down. They can help to bring certainty to couples thinking about marriage or a civil partnership and they can save time and money should the relationship break down.
Are they enforceable in the UK?
Since the landmark Radmacher case in 2010 prenups are generally enforceable as long as they are fair.
No one getting married wants to think about separation but no one wants protracted litigation should a relationship break down. Without a prenup the Courts have a very wide discretion as how they distribute property and income, regardless of the legal ownership, or consideration of who brought what into the relationship. The best way to ensure you protect yourself is to enter into a prenup.
Like prenups, postnups deal with the division of assets and income in the event of a relationship breakdown, but are entered into during marriage rather than before.
If you are thinking about entering into a prenup or postnup it is important to take legal advice so that you can be sure that you can ensure that what you are agreeing to is fair, and the agreement is entered into by both parties having the benefit of legal advice. Only that way can you be confident that the agreement should be enforceable.
For further advice on obtaining a pre or post nuptial agreement, please contact Louise Allard or Sabrina Bailey on 020 7993 2936.