The Uk Prenup - Is It A Necessity In Today" s World?
It has become more worthwhile for couples to look into making a prenuptial agreement. Prenups enable couples to protect their personal assets when entering into a marriage. It is true that many people feel that prenups undermine a marriage, however no one can deny that divorce is on the rise. It has recently been demonstrated in the Radmacher case that although prenups are not acknowledged in English law, the UK courts are willing to rule by what was agreed within them.
People are using a UK prenuptial agreement more than ever before. However with divorce statistics on the rise many people wish to be cautious at to protect their personal assets. The sanctity of marriage is unfortunately something which has suffered in contemporary Britain. Prenups are becoming more common as the figures show that 50% of marriages will end in a divorce.
Although technically speaking a prenup does not legally exist in the UK as a recognised contract, the court of appeal in the above case showed that they are willing to recognise its existence. Whilst a lot of couples to be - think that marriage should not be pre-decided using a prenup agreement, many couples are thinking of the future and what protection the agreement could offer.
A UK prenup is an arrangement that the parties entering into a marriage keep their own personal assets in the event of a divorce. It also has the facility to provide for the future, discussing assets that are gained during the marriage. Interests of any children involved prior to the marriage and those borne out of the marriage are always considered first.
Drawing up a prenup before a couple are married enables each party to be in a safe financial place before entering into the marriage. It helps prevent sham marriages for money or "gold digging" as it is often known. The prenup should be made as a mutual agreement and entered into open mindedly. Both party should know its true purpose.
People should acknowledge that no one goes into a marriage knowing exactly what is going to happen in the future, they will not expect to get a divorce. It is however a fact of life that divorce takes place and those whom oppose prenups on moral grounds should see this fact and acknowledge it as part of contemporary Britain today. Rather than undermining the sanctity of marriage, prenups are a tool to protect each parties personal finances for the future and hopefully the agreement will never even be referred to.
People are using a UK prenuptial agreement more than ever before. However with divorce statistics on the rise many people wish to be cautious at to protect their personal assets. The sanctity of marriage is unfortunately something which has suffered in contemporary Britain. Prenups are becoming more common as the figures show that 50% of marriages will end in a divorce.
Although technically speaking a prenup does not legally exist in the UK as a recognised contract, the court of appeal in the above case showed that they are willing to recognise its existence. Whilst a lot of couples to be - think that marriage should not be pre-decided using a prenup agreement, many couples are thinking of the future and what protection the agreement could offer.
A UK prenup is an arrangement that the parties entering into a marriage keep their own personal assets in the event of a divorce. It also has the facility to provide for the future, discussing assets that are gained during the marriage. Interests of any children involved prior to the marriage and those borne out of the marriage are always considered first.
Drawing up a prenup before a couple are married enables each party to be in a safe financial place before entering into the marriage. It helps prevent sham marriages for money or "gold digging" as it is often known. The prenup should be made as a mutual agreement and entered into open mindedly. Both party should know its true purpose.
People should acknowledge that no one goes into a marriage knowing exactly what is going to happen in the future, they will not expect to get a divorce. It is however a fact of life that divorce takes place and those whom oppose prenups on moral grounds should see this fact and acknowledge it as part of contemporary Britain today. Rather than undermining the sanctity of marriage, prenups are a tool to protect each parties personal finances for the future and hopefully the agreement will never even be referred to.
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