Prenuptial agreements and Premarital contracts – advice from Phillips Solicitors in Basingstoke, Hampshire
Pre–marital contracts, sometimes known as Prenups, are becoming more popular in this country. Whilst they are, at present, not legally binding, the court will consider the contract along with all the other circumstances of the case, should there be a split in the future.
There are many reasons why a pre–marital contract may be a good idea for you.
- To predict the outcome of any divorce settlement before you marry
- To save on costs and acrimony that sometimes result in divorce proceedings
- To prevent speculative claims following a short marriage
- To protect family assets which are intended to pass through generations
- To protect those marrying later in life or for a second time, who may not have children
- To limit the claims of a second spouse, and so protect the needs of children from previous marriages
Although there can be no attempt to restrict the Court’s powers, it is likely that in future pre–marital contracts may have some legal force. At present, the Court will consider the factors that affect the importance of such contracts, including whether the agreement was made abroad, the length of the marriage, financial contributions made by each party, the provision made in the contract for the support of the wife and any child, whether financial information was shared honestly when the agreement was signed and the parties’ intentions at the time.
The team at Phillips is a dedicated team of family law specialists who can advise on pre–marital contracts which can benefit you in the future.
We welcome informal telephone enquiries and all initial calls are handled by a member of the team so that the person best suited to your particular needs is identified from the start.
Please call us on 01256 460830.