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Pre Nuptial Agreement Solicitors
Getting married or moving in with your partner is an exciting time and it might seem unromantic to think about what would happen if you later separate.
However, with around 2 in 5 marriages ending in divorce and the average relationship lasting less than 3 years, it is sensible to agree a plan with your partner for what will happen to your home, savings and other assets, and any children you have together if your relationship ends. Read our article about your rights to property after separation
Pre-nuptial and Post-nuptial agreements are on the rise, particularly amongst couples who may be marrying for the second time or where one party has family wealth which they wish to secure for the future.
Described in The Legal 500 as "brilliant", our pre-nuptial agreement solicitors in York, Clifton Moor, Haxby, Easingwold, Thirsk, Pocklington and Malton are consulted frequently by our clients - before or after marriage - seeking expert advice in regulating any financial claims they may have with their partner, in the event that they go on to separate in the future.
Our prenuptial agreement solicitors provide expertise in preparing bespoke Pre-Nuptial Agreements for those who are marrying and Post-Nuptial Agreements for those already married.
If you have money, property or business interests to protect (often from family inheritance or personal wealth) it is highly likely that your partner could lay claim to these if you separate without having a pre-nup. You might want to read our article on Pre- and Post-Nuptial Agreements and 'the Bank of Mum and Dad'.
The family courts in England are now regularly seeing and upholding the intentions behind properly drafted Nuptial Agreements so it is vital that expert legal advice is taken at the earliest possible time.
There are specific criteria that must be met to give your agreement the best chance of being upheld, and the Harrowells team will ensure your pre-nup is drafted to protect you and your assets.
Contact our expert pre-nuptial agreements solicitors
Looking for clear, practical advice and support to make a pre-nuptial agreement or post-nuptial agreement?
Our reputation for offering clear, effective advice is growing and, together with independent recognition of our Family Law expertise by Legal 500, means we advise clients right across the country. It is very straightforward to arrange meetings by video or telephone, as you prefer, so that we can provide you with the information, advice and reassurance that your interests will be secured and protected.
If you live locally, you also have the option to meet us at one of our offices. Call us or email us for a confidential initial discussion so we can understand your situation and explain how we can help you. We can be flexible and schedule our initial meeting with you outside normal office hours if that better suits your circumstances.
Understanding the different types of agreements
There are three main types of agreement you can make to protect yourself from possible negative financial consequences, provide certainty for you and your children and avoid unnecessary conflict and expense associated with divorce in the event of your relationship ending.
To ensure your agreement is as binding as possible, there are strict criteria to be following including both parties entering into the agreement willingly, taking independent legal advice and making a full disclosure of all their assets and any liabilities, such as mortgages and other debts.
Must be entered into before getting married, the further in advance of the wedding the better but at least three weeks before your wedding day.
Can be entered into at any point after you get married either on their own or they may act to update or reconfirm the terms of an earlier pre-nup.
Or ‘living together’ agreements are used where you are living with your partner without getting married. They are commonly used when the house in which you will live is only owned by one person or where one of you has made or will make a greater financial contribution than the other.
Our pre-nuptial agreements solicitors’ fees
Our pre-nup solicitors will discuss the requirements of setting up a prenuptial agreement and discuss the fees you can expect in advance. We have a range of options for payment which will be discussed with you in advance of any work being undertaken to ensure the cost will be affordable to you.
Learn more about our Family Law Fees.
Pre-nuptial agreements explained
What is a pre-nuptial agreement?
A pre-nuptial agreement (often simply shortened to pre-nup) is a document that is signed by a couple prior to marriage. The guidelines for pre-nuptial agreements are typically straightforward.
If a couple separates or divorces, a pre-nuptial agreement sets out their rights to property, income, debts and other assets which they have acquired together, individually, or have brought into their relationship.
A pre-nuptial agreement form can help to provide clarity and reduce the potential for conflict during a separation.
How do you get a pre-nuptial agreement?
Creating a pre-nuptial agreement is an option for most couples, not just for the rich and famous. The first step would be to speak to a specialist pre-nup solicitor who has previous experience in drafting these types of pre-nuptial agreements.
Legal advice for pre-nuptial agreements is an essential requirement if they are to be considered valid. When assessing your situation and creating a pre-nuptial agreement, your solicitor will consider various issues, such your assets, your financial needs and whether you have any children.
Once your solicitors have drawn up a pre-nuptial agreement template, your partner’s solicitor will review the document and ensure that the terms are fully understood.
Why should I get a pre-nuptial agreement?
There are a number of benefits to pre-nuptial agreements. Signing an agreement means that you:
- Will have greater certainty over your finances moving forward
- Protect the interests of your children
- Avoid conflict and disputes over your finances
- Protect your important assets
How much does a pre-nuptial agreement cost?
Pre-nuptial agreement costs will depend on the complexity of your situation. Our pre-nup solicitors will be transparent about the potential fees you will need to pay to draft your pre-nuptial agreement from the outset of your case, meaning there will be no unwelcome surprises.
What happens if you don’t get a pre-nup?
The starting point for division of assets on divorce is that the combined marital assets are divided equally during divorce and that assumption grows in strength, the longer you are married and the more your assets are mingled. Without a pre-nup you risk the possibility of ending up with a financial settlement that you consider unfair.
Having a pre-nuptial agreement can also make the process of getting divorced much simpler and less stressful, as much will already have been agreed. You are less likely to need to go to court to resolve the financial claims you have against each other.
Are pre-nuptial agreements legally binding?
Pre-nuptial agreement laws should be taken into consideration. Pre-nups are not automatically legally binding, but are likely to be upheld by the family court if they meet the necessary criteria and meet the financial needs of both parties.
Is a pre-nup still valid if you have children?
The agreement should account for foreseeable future changes and make provision for children if this is something you and your partner are planning. If it does not, and the terms of the order don’t meet the needs of the partner and children then the terms may be varied by the family court.
What should be included in a pre-nuptial agreement?
Your assets should be identified as ‘separate’ or ‘matrimonial’ property and arrangements should be made for what should happen to both upon divorce. Your prenup should also be future proof and make provision for children, retirement.
You and your spouse may also want to include a ‘sunset clause’ if your marriage goes the distance and you want the agreement to expire.
Is it too late to get a pre-nup after marriage?
Instead, you and your spouse can enter into a post-nuptial agreement which offers the same protections.
A post-nuptial agreement may be worth considering if your circumstances have changed significantly since you got married e.g. you have had children, bought a home, received a substantial inheritance or started a business.
What are the rights of a common law spouse?
The rights of a common law marriage are a myth. Unmarried couples have no automatic legal rights with regard to each other’s property, savings or other assets and no automatic right to financial support, other than for child maintenance where appropriate.
This means if you separate from your unmarried partner, you may have no right to a financial settlement or any kind of personal maintenance, unless you have a cohabitation agreement in place that makes provision for this.
If you live in a property that is in your ex-partner’s name, you may also have no right to stay there after you have separated.
For this reason, we strongly recommend that anyone living with their partner creates a cohabitation agreement, especially if you are living in a property that is in one person's name, one of you is financially dependent on the other and/or you have children together.
Pre-nuptial agreements insights from Harrowells
Contact our expert pre-nuptial agreements solicitors
Looking for clear, practical advice and support to make a pre-nuptial agreement or post-nuptial agreements?
Our pre-nuptial agreement solicitors in York, Clifton Moor, Haxby, Easingwold, Thirsk, Pocklington and Malton advise clients on a nationwide basis and are experienced in offering effective advice, reassurance and regular updates by video and telephone.
If you live locally, you also have the option to meet us at one of our offices. You decide the best method of communication and we will tailor to suit. We have a reputation for offering practical advice that ensures you know your rights and that your interests are protected. Call us or email us for a confidential initial discussion so we can understand your situation and explain how we can help you.