Prenuptial Agreement Service for £150.00 - Drafted by Solicitors
A prenuptial agreement, commonly known as a 'prenup', is a legal contract entered into prior to marriage stating what happens to things such as finances and property in the event of divorce.
Prenuptial agreements are designed for people who are getting married but want certainty about their finances should the marriage break down. Recent cases in the UK Supreme Court such as Radmacher-V-Radmacher have upheld the validity of pre nuptial agreements in English law.
Although they have been used in many other legal jurisdictions for decades it is only in the last ten years that the English courts have come to recognise them, and they are now considered to be an essential insurance policy for anyone entering into a marriage with assets they wish to protect.
Why get a Prenuptial agreement before marriage?
If you own your own home, have a good pension, or other assets and your soon to be spouse does not, then you are going to be at risk should your marriage break down.
As unromantic as that sounds, a prenuptial agreement will mean you can enter into married life without the worry of what happens to your assets I have accrued, if we end up getting a divorce.
As with any agreement they will need to be periodically reviewed and updated to reflect the changes in circumstances, such as buying a new home or having children. We would recommend the agreement be looked at and updated every 5 years, this then becomes a post nuptial agreement, which are also looked upon favourably by the courts.
As with all agreements there needs to be open and honest disclosure, and the agreement will list the income and assets of both parties at the time the pre-nuptial agreement is signed.
A signatory to a pre-nuptial agreement should also have had legal advice to make sure they know what they are doing. Our prenuptial agreements contain a legal advice statement for both parties.
Due to our size and marketing power, we have negotiated an excellent fixed fee of £150 including vat with our panel of solicitors.