FAQs on Pre-Nuptial Agreements
What is a pre-nuptial agreement?
A pre-nuptial agreement is entered into before the wedding and sets out how property and assets are owned and how they will be divided if the relationship does not work out. They are a contract between you and your fiancé and are heavily persuasive documents. They are not binding Court Orders. The Court can ignore a pre-nuptial agreement if they wish to but only in certain circumstances.
What is the benefit of having a pre-nuptial agreement?
If you have considerable assets such as properties, investments, stocks and shares, retirement funds, especially those that make you wealthier than your partner, a pre-nuptial agreement will protect your assets in the event of divorce or splitting up. Also, if you own all or part of a business, have children or grandchildren, are expecting an inheritance or have a degree in, or are pursuing a potentially lucrative profession, then a pre-nuptial agreement is advisable.