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The legalities of love
With Valentine’s Day fast approaching, many people will use this holiday as an opportunity to propose to their significant other. In fact, over 10% of engaged couples in the UK are proposed to on Valentine’s Day.
Amongst the excitement, it’s important to consider the financial implications of entering into a marriage and the steps you may need to take to ringfence and preserve your wealth.
A pre-nuptial agreement is a formal document that sets out the arrangements for yours and your partners finances should a marriage breakdown or should either of you pass away. Entering into a pre-nuptial agreement does not by any means forecast the breakdown of your relationship. Instead, it simply sets out in writing what should happen to each person’s assets in the event of a separation and acts to ease the tension during that process.
Our team of family lawyers will help you to determine the best way to approach your upcoming marriage by providing tailored guidance so that you can start this new chapter of your life without financial worry. Our main priority is to give you the peace of mind during your marriage that your assets are protected.
In addition to considering pre-nuptial agreements, it’s crucial for couples embarking on the journey of marriage to address other legal aspects. Updating wills is a vital step to ensure that your wishes are clearly outlined in the event of unforeseen circumstances. Understanding joint assets is equally important; this involves clarifying the legal status of shared properties, bank accounts, and investments, fostering transparency and preventing potential disputes.
For more information on pre-nuptial and post-nuptial agreements, contact us on 0333 323 5292, or fill in the enquiry form on this page and we will get back to you shortly.