The pre-nuptial agreement – ideally something you can sign and forget
‘A pre-nuptial agreement will help you feel more secure in your relationship, come what may’
Romance is a beautiful thing, but if it takes the place of practicality then you could live to regret it. Of course it’s hard to think about your relationship failing when it’s only just begun, but if you’re not protected with a pre-nuptial agreement before you tie the knot, the effect could be devastating.
I want security, but what is a ‘pre-nup’?
It’s a sad reality that more than one in three marriages ends in divorce. A pre-nuptial agreement can be a simple, but effective way to safeguard your future interests. These agreements can substantially help agreeing the terms of a divorce if your relationship breaks down.
A ‘pre-nup’, or pre-nuptial agreement, must be made before you get married and can set out the basis for dividing your jointly owned assets (property, investments, pensions etc…). It can also agree what type of maintenance may be paid in the event of a divorce. The agreement may also set out different conditions for dividing your assets depending on the reasons for a divorce.
Our specialist team can answer your questions on what is a ‘pre-nup’ and how a pre-nuptial agreement works, its aims and potential pitfalls.
“What the team is known for: Highly experienced at taking on financial remedy cases. Focuses on settling issues through collaboration or mediation where possible, and through litigation if necessary. Active representing guardians in public law care proceedings. Strengths (Quotes mainly from clients): “They are highly skilled and committed professionals who work incredibly hard and diligently for their clients.” “They provided an excellent service in a very straightforward and non-technical way.” Notable practitioners: Richard Ellis (Band 2) enjoys a strong reputation for his public children expertise, and is also skilled at taking on matrimonial finance cases. He is hailed by one commentator as “phenomenally good and a great advocate.” Sharon MacDonald (Band 3) frequently represents high net worth clients on alternative dispute resolution proceedings, such as mediation and collaborative law, associated with complicated finance matters. One client reports: “She was very thorough – all the paperwork was correct down to the minutest detail. She obtained a wonderful result for me.” Jon Toogood (Eminent Practitioner) handles matrimonial finance issues in the context of divorce cases, and is a skilled arbitrator and collaborative lawyer. One client praises his “excellent technical knowledge, very good commercial awareness and very good bedside manner.” Katherine Lauder is a Recognised Practitioner.” Chambers 2017 South West
“What the team is known for: Well-known team in the Oxford market, with substantial experience in divorce and financial remedy matters involving complex assets. Also advises on public law children cases, including those involving allegations of non-accidental injury. Strengths (Quotes mainly from clients): “A really good outfit, and universally likeable.” Notable practitioners: Mark Phillips (Band 3) is experienced advising in divorce and financial remedy matters, especially those involving complex assets such as pensions and business interests. One source says of him: “He is very intellectually able, and has a pleasant, persuasive way about him.” Head of the Oxfordshire family team Simon Bassett (Band 3) is particularly active in matrimonial finance cases. One source reports: “I’ve been really impressed with his ability to think creatively around the financial cases, and to look for solutions that aren’t obvious.”” Chambers 2017 Oxford and Surrounds
“Royds Withy King is ‘one of Bath’s leading family law firms’ for collaborative law and mediation, and department head Richard Ellis has ‘a fantastic reputation’ in care proceedings. Also recommended are Sharon MacDonald and Jon Toogood, and newly promoted senior associates Katherine Lauder and Rebecca Stevens.” Legal 500 2016 South West
“Royds Withy King’s group is led by Simon Bassett who is ‘a consistent high performer, particularly in matrimonial finance’. The ‘efficient and committed’ Anne Davies specialises in child-related work” Legal 500 2016 South East