A Prenuptial Agreement helps you and your partner to make a formal arrangement concerning your financial matters prior to marriage or civil union. The content of a Prenuptial Agreement can vary widely, but commonly includes provisions for the division of property should the couple divorce and any rights to spousal support during or after the dissolution of marriage.
A Prenuptial Agreement is the best and only way for a couple to protect their assets in the event of a divorce and although not very romantic it makes sense to get one drawn up so that both of you know exactly where you stand from day one.
The Court always has discretion to overturn any agreement in family proceedings, although if legal advice has been taken and the proposals were considered by fair when the agreement was made, the Court is unlikely to contest the couple’s express wishes, which makes the agreement a valuable addition to your legal protection.
The Prenuptial Agreement can deal with the following: –
- Maintenance and future income
- Legal advice
- Company and business assets
- Tax liabilities