Due to the coronavirus pandemic and the social distancing measures, many weddings have had to be cancelled or postponed. For many couples, their wedding insurance will not pay out to cancel the wedding and therefore, weddings have either been postponed until late 2020 or in some cases, 2021.
Whilst couples will be disappointed with their wedding being postponed, it allows time to consider a prenuptial agreement. A prenuptial agreement is a document in which a couple set out their rights in relation to any property, income and other assets purchased together or acquired individually or that they have bought into a relationship. A shrewd method to ensure your wealth is secure, in the event of a marital breakdown.
Prenuptial agreements are not legally binding in the courts of England and Wales, yet they are becoming far more common in recent years and are considered persuasive in the unfortunate event of a breakup. Prenuptial agreements provide a measure of certainty and a means of protecting pre-marriage assets. The most appealing factor of prenuptial agreements is that the interest of any children from a previous marriage will be protected.
At Audley Chaucer, we have extensive expertise dealing with and constructing prenuptial agreements and ensuring that the wishes of the couple are secured as far as possible in the event of a breakdown of marriage. If you would like further information, please contact either Kay Stewart or John Szepietowski at Audley Chaucer.