A prenuptial provides protection for the party bringing a greater share of the assets to the marriage. If the marriage breaks down, they could potentially lose 50% or more of that asset. It allows the wealthier party to retain control of their assets and personal possessions.
This also potentially applies to future assets, such as inheritance from a loved one or growth of a business, although the latter can be problematic if the marriage lasts a long time. Finally, it can protect children from another relationship, as it can preserve their potential inheritance.
Pros: a prenuptial agreement provides certainty on what assets and income form part of the agreement […]
Read MoreIn the UK prenuptial agreements are not directly legally binding on the parties. The courts will […]
Read MoreA prenuptial agreement is a legal agreement between two people prior to their marriage. It sets […]
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