May 03, 2018 | Posted by : J Morris
Pre-nuptial agreements are often seen as a cynical and unromantic approach to getting married, but since it’s considered sensible to insure and protect every other aspect of our lives – from writing a will to insuring a car – why should a relationship be any different?
And it’s not just the super-wealthy or celebrities who need a pre-nup – over half of UK marriages end in divorce – and while pre-nuptial agreements are not automatically technically binding in divorce proceedings, they can be extremely helpful in minimising antagonism and protracted financial negotiations in the event of separation.
There are clear steps laid out by the Court and the Law Commisssion when it comes ...
July 15, 2015 | Posted by : J Morris
Some people feel that choosing to draw up a prenuptial agreement reveals a cynical view of marriage – or even perhaps raises flags on an already rocky relationship – but a prenup needn’t suck all the romance out of your nuptials! In fact, the opposite could well be argued; when you’re organising a wedding or civil partnership, your future together is in the forefront of your minds, for better or for worse, so isn’t it better to plan for every possible outcome together? Being able to discuss the ‘what ifs’ and come to a sensible, fair decision if the worst should happen surely ...
July 25, 2014 | Posted by : J Morris
Increasing numbers of people are choosing not to remarry after divorce. According to recent reports from the Office for National Statistics, almost two thirds of cohabitees over 65 have previously been divorced, and there are twice as many unmarried people within this age group than there were a decade ago. This increase may be contributed to several elements: less of a stigma attached to being divorced; longer lifespans, and therefore a longer period of retirement, or a reluctance to marry in order to secure the transfer of assets and wealth to children. For unmarried couples hoping to safeguard their investments, it’s important to be aware how to ensure that assets are passed onto the ...
February 10, 2014 | Posted by : J Morris
Celebrity couples are renowned for their break-ups, with every detail of their marriage and financial agreements being aired in public by the headline-hungry press. Perhaps it’s because of these high profile cases that many people assume pre-nuptial contracts to be something that is reserved for the rich and famous, or for couples who have a large disparity in earnings, but they can be much more than a simple protection of assets.
A nuptial agreement is a document that helps couples to settle any financial claims made against one another in the event of separation. The details of a pre or post-nup agreement can be confirmed before or after marriage, and while they ...
November 01, 2013 | Posted by : J Morris
The legal rights of unmarried cohabiting couples can be unclear, with many couples relying on the ‘myth’ of common law marriage - do you know what rights you would have if you and your partner went your separate ways? A poll by the family law group Resolution revealed that over half of respondents believed that cohabiting couples had the same rights as married couples if they decided to separate, but unfortunately this is not the case.
Steve Kirwan who is leading Resolutions work to reform the laws on cohabitation said: “Despite the myth that there is such a thing as ‘common law’ marriage – which hasn’t existed since 1753 – ...
September 19, 2013 | Posted by : J Morris
Since 2010, the court has placed significant weight on prenuptial agreements in the event of a separation or divorce in the UK, making it more difficult to have them overruled. Though generally thought of as an Americanism, marital contracts are becoming increasingly popular this side of the pond. A prenup is a formal written agreement that provides terms regarding the division of assets and property in the case of marriage breakdown.
Couples work with their own family law solicitors to draw up a prenuptial agreement before their wedding or civil union, deciding on provisions that will simplify the details of ...