A lot of the work we do following separation involves trying to resolve differences between the couple involved. At the beginning of a relationship, it is unlikely that your first concern would be about how property should be divided in the event that the two people go their separate ways.
Because most people do not particularly want to think about what will happen from a financial perspective when they separate all the negotiations and discussions that happen after the separation. This can involve long periods of upset and stress before the agreement is reached and in some cases, matters will only be finally sorted out if court action is raised.
To avoid this type of scenario occurring some people enter into an agreement at the beginning of their relationship which sets out what would happen if in the unfortunate event of the relationship breaking down. In effect, this will mean there is no dispute because the written agreement, which is called a Pre-Nuptial Agreement, if the parties intend to marry, specifically details how the assets should be divided and it is binding on the two parties and can only be overturned in exceptional circumstances.
A postnuptial agreement is entered into after marriage or civil partnership has taken place but is enforceable in the same manner as a Prenuptial Agreement.
Prenup & Postnup Agreement Service
By having the foresight to enter into such an agreement a lot of the stress and expense of separation can be avoided. Pre-Nuptial agreements are particularly popular amongst people who have had a previous relationship and want to ensure that assets from that relationship are not included in the matrimonial pot.
If you feel that it might be appropriate to enter into such an agreement, contact us for a chat about this and we can help you decide if it is a good idea or not. One point to note is that both parties to the Pre-Nuptial agreement should receive independent advice from their own solicitor.