The advantages of pre-nuptial agreements

In the past, pre-nuptial agreements were not a particularly strong area of law, and even though you could enter into a pre-nuptial agreement there was no guarantee that the court would have regard to the arrangements set out should your marriage break down. However, in recent years there has been a significant change in the way in which pre-nuptial agreements are viewed by the court. If a pre-nuptial agreement is drawn up properly, both parties have given full disclosure and have had appropriate legal advice then the agreement should be binding. It does however have to be reviewed to ensure that it is effective and can be amended after the marriage.

Even if parties do not enter into a pre-nuptial agreement they can after their marriage enter into a post-nuptial agreement. The same criteria apply in that there has to be full and frank disclosure with both parties having the benefit of the legal advice.

Find more information on prenuptial agreements >>

A couple’s assets need to be distributed in an equitable way once their marriage ends, which can be a complicated process to navigate. You and your ex-partner need to work out solutions to issues that could affect multiple aspects of your lives.

Some examples of areas that may be affected by divorce are:

• Properties
• Business assets
• Pensions
• Taxes
• Child support 

If you’re considering moving in with your partner, it’s always a good idea to think carefully about what the financial arrangements are going to be. Key factors such as who is going to pay what and why, how the property is going to be owned, whether it is going to be in joint names or just one party’s name, etc.

Our team can advise and assist you and your partner to draw up a co-habitation agreement. We work in tandem with our property team to ensure the process of buying a house and making financial arrangements are as simple as possible leaving you and your partner free from worry and able to enjoy your new home.

Find more information on co-habitation agreements here >>

Dividing up your assets when a civil partnership comes to an end can be complicated.

When you end a civil partnership, you and your ex-partner need to agree how to separate your finances.

This includes deciding how you’re going to divide things like:

• pensions
• property
• savings
• investments

Find more information on civil partnerships here >>

How can Morecrofts help with divorce and finance? 

It’s important that you seek legal help for financial issues in order to get the best outcome for you and your family. Due to the multiple complex areas that can cause issues, it is vital that you seek legal guidance.

Morecrofts’ expert Family Law solicitors have a proven track record in securing appropriate financial provision for our clients and their families. We work to ensure that your financial arrangements are practical, sustainable and understandable. We can assure you that with our help, the outcome of your situation will be in the best interest of your family – especially if children are involved.