A marriage contract is a contract; Therefore, the duration of the agreement can be included in its terms. Some marriage contracts may contain clauses indicating a date on which it will no longer be valid – for example, a couple may agree that the marriage agreement is in effect only for the first 10 years of marriage. A marital agreement should be discussed openly and honestly long before the marriage takes place. An open conversation can then avoid a longer and more costly conflict. The common feature of those seeking advice on prenupes is the search for safety in an uncertain world. Our clients are usually young couples who dissolve and those later in life who, independently or with the encouragement of friends, family, shareholders, trustees, lawyers or accountants, try to reduce the possibility of conflict in the event of a breakdown of their marriage or to protect the assets of their children. If you want to sign a marriage pact, family law can help. We`ll be happy to offer you a 30-minute non-binding advice, which is completely free. More information can be found below.
Marriage contracts must be signed before the wedding. If a couple gets married and decides to want protection similar to that offered in a marriage contract, they can instead sign a “post-uptial agreement”. It is essentially the same legally, but it can be done later. If one or both parties have financial debts such as debts, the other partner may be protected by a marriage agreement. This way, you may not be responsible for your ex-partner`s debts after your divorce. We have extensive experience in developing pre-marriage agreements (and post-ascendant agreements) for a number of international clients, including international families, expatriate professionals, celebrities, wealthy entrepreneurs and individuals who all have foreign ties. Marital agreements are much more common today because both parties have their own income before getting married. Many couples marry later in life and are already financially independent. But it is also true that more marriages now lead to divorce; While we do not think that would happen, divorce remains widespread. So if you want to protect your financial independence, a prenup can be helpful. If you would like independent family advice on a marriage agreement, please contact our family law team on 0808 231 6369 or request a reminder online.