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We want to protect our personal assets

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’.

Family Matters