Premarital & Prenuptial Agreements
Prenups are not just for the rich and famous. Marriage and Civil Partnerships bring together couples who wish to live their lives together, but there are important legal implications. This is why it’s essential to assess your circumstances before your wedding and draw up a prenuptial agreement.
These kinds of agreements are becoming more and more common for modern couples. In situations where one half of the couple has a significantly higher income than the other or where there is an inheritance to consider, a prenuptial agreement can help to protect those interests.
We are seeing a rise in enquiries about prenuptial agreements as the Court will consider them should a marriage come to an end. “Prenups” have also become more popular with those marrying later in life and with those who marry having been married before. Whilst not especially romantic, I see the sense in agreeing what would happen financially should a relationship come to an end when things are good between a couple. Discussing the worst when the relationship is at its best can remove potential conflict and minimise the stress and upset in the unfortunate event of a future separation.”
Anne Shears, Associate Solicitor
What is a prenuptial agreement?
Prenuptial agreements (sometimes referred to as prenups or premarital agreements) are written legal documents. Prenups setout how the parties intend to divide their assets and income in the event of a divorce or separation. This is particularly relevant as more couples marry or form partnerships later in life. This means it’s likely that assets and property have been acquired before the marriage. In many cases, the future security of children from a previous relationship also needs to be considered.
A well-drafted prenuptial agreement will sett out what assets each party brings to the marriage. It will also specify what should happen to those assets in the event of a relationship breakdown. This allows both parties to enter the marriage or civil partnership satisfied that they have done what they can to make financial issues easier to resolve if the relationship were to end. And the premarital agreement is flexible too; it can reflect the changing circumstances during the marriage, along with making new provisions if children are born.
We know it may feel unromantic to consider the implications of splitting up with your partner. However, it’s sensible to ensure your individual assets are protected. Property, trust funds, inheritance and businesses should be secured for your future. This also helps to avoid uncertainty and unpleasantness if you did split up with your partner later down the line.
Why choose Nash & Co Solicitors?
We know that it’s natural for many to feel that such agreements distract from the romance of the occasion. Some even say that a prenup is only for those who believe their marriage will not last. This is far from the truth. A prenuptial agreement is simply about acknowledging that if the worst were to happen. Well-drafted premarital agreements may ensure financial matters can be resolved amicably and swiftly with minimal legal costs at that time.
With a wealth of expertise behind them, our team specialise in helping clients prepare prenuptial agreements specific to their individual needs and circumstances.
If you’d like to find out more about prenuptial agreements or would like to learn more about how we can help you, please contact us. You can reach Anne Shears by phone on 01752 827030 or by email at [email protected].
You can also schedule a call back from any of our solicitors in Plymouth. Simply submit a request through our contact form.
No, we do not offer a free half hour initial appointment as we have found that this type of appointment rarely gives clients real help or assistance. In half an hour, we would only be able to take from you the bare outline details and there would be no time to give you anything but the most basic advice, which would not cover the specific details of your case. We believe that to be able to take your information fully and to be able to give you advice that will actually help you, we need a lot longer than half an hour! Firms that offer a free half hour appointment are using it to ‘hook’ new clients and a second appointment, at full price, will almost certainly have to be booked before you can give full information and receive any sort of detailed advice. We understand that you do not want to be limited to half an hour when seeking expert legal advice and therefore we offer a reduced price initial appointment for £150 plus VAT. This appointment will take around an hour or so and after the meeting, we will send you a detailed attendance note, confirming the information provided by you and our advice, setting out your options, the necessary steps and cost estimates. We want to offer the very best service to all our clients, and we strongly believe that a free half hour appointment does not allow us to do that. We want you to leave your initial meeting feeling that you have been able to fully explain the issues and having received clear and detailed advice about your legal situation and the options available to you.
We understand that knowing what your costs are going to be is very important. We offer fixed fees for divorce / civil partnership dissolution. We can also agree a fixed fee for the preparation of a Separation Agreement, Financial Consent Order or Pre-Marital Agreement once we know what the issues to be covered are. With other matters, such as financial negotiations arising from relationship breakdown or disputes about children, it is not possible to agree a fixed fee, as it is rarely sufficiently clear from the outset what all the issues will be. We do however break your likely costs down into stages, telling you how much each individual stage is likely to cost before you embark on that stage if possible. We will send you regular bills and update cost estimates where appropriate to ensure that you have the best information available to help you understand and budget for your costs.
There have been significant changes to the availability of legal aid for family matters, however it can still be available when dealing with some aspect of family law, if you can prove your status as a victim of domestic violence or if Social Services have concerns about the safety of your children.
In order to prove your eligibility, there are a number of standard letters provided by the Legal Aid Agency which can assist you. Please click the link below to see what evidence will be accepted by the Legal Aid Agency. You cannot apply for legal aid without an ‘evidence letter’ if you are seeking assistance with divorce or children matters. Should you be seeking legal aid in relation to protection from domestic violence an ‘evidence letter’ will not be necessary.
As well as the above evidence, you will need to be assessed as financially eligible for legal aid. Please use the online eligibility calculator to give you an indication as to whether you may be financially eligible. This will assist you in knowing whether legal aid may be an option.
Once you have obtained one of the standard ‘evidence letters’ from a professional, and have checked your financial eligibility, please give us a call to discuss making an appointment.
If intending to issue an application to Court for an Order relating to children or an Order relating to matrimonial finances there is an expectation that you will have attempted mediation before your application can be issued at Court. There are limited exceptions where attendance at mediation is not necessary, however in most cases it will be necessary to attend at least a first mediation meeting, known as a Mediation Information and Assessment Meeting (MIAM).
As a rule of thumb a divorce can take between 4 and 6 months from the date that the petition is lodged with the Court but it very much depends upon the complexity of the issues and how much co-operation there is between the parties.
We do work towards bringing about a conclusion as soon as possible for our clients as we recognise that it is an incredibly difficult time for them. However, each case will turn on its individual facts and it is difficult to know how long a divorce will take before the particular circumstances of the case are known. We recommend that anyone considering divorce makes an appointment with one of our specialist solicitors to come to the office to discuss matters where a time estimate can then be provided.
It is not always the position that family home will have to be sold following separation but this will depend upon the financial circumstances of the parties.
It is very uncommon for both parties to remain living in the same property following separation and so, it would seem fairly inevitable that one of the parties will have to move from the property but this does not necessarily mean that the property will have to be sold.
In cases involving children, as long as it is financially possible, every effort is made to ensure that children do remain in their home to provide stability and security for them at what is, for the whole family, a very difficult time.
We recommend that anyone concerned about what would happen to their property following separation makes an appointment to come in and meet with one of our specialist solicitors for further detailed advice.
Parental Responsibility is all the rights, duties, powers, responsibilities and authority which by law a parent of a child has in relation to the child and his/her property.
Mothers automatically have parental responsibility. Fathers can obtain parental responsibility by satisfying one of the below:-
- jointly registering the birth of the child with the mother (from 1 December 2003)
- getting a parental responsibility agreement with the mother
- getting a parental responsibility order from a court
- married to the child’s mother (this does not give step-parents parental responsibility)
For a straight forward, undefended divorce you will not need to attend Court.
Where you cannot reach an agreement and you have to issue an application to Court, for example to resolve the concequent financial issues arising out of your divorce or in relation to a dispute regarding children, then Court attendance will be necessary.