| It’s not just millionaire celebrities that need to protect themselves. A pre-marital agreement is worth having when considering tying the knot. Just like taking out holiday insurance, this too is a journey where we may consider protecting ourselves in case something unpleasant happens.
A pre-marital agreement is a financial settlement to protect each person’s welfare in case the marriage breaks-down. It is entered into before you marry. These agreements avoid the pain of having to go through financial matters at the time of break-up, when emotions could be running high and cloud issues.
Although they are not enforceable by the Court under English law, an increasing number of couples are choosing to have them – particularly for excluding inherited assets. However, it is worth noting that recent court decisions have stated that a well-drafted agreement may have a significant effect in any divorce settlement.
If you’re confused about any legal jargon or legal instruction, see our ‘Glossary of Divorce and Family Law Terms’ in our ‘Store Cupboard’.
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