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Prenuptial Agreements
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Breaking News - Since the July case this year of Katrin Radmacher, prenuptial Agreements will be recognised more. This means that there's a greater chance of your Prenuptial Agreement having a positive influence on the Courts if it is ever needed.
A prenuptial agreement, antenuptial agreement, or premarital agreement, commonly abbreviated to prenup or prenupt, is a contract entered into prior to marriage or civil union by the people intending to marry.
The content of a prenuptial agreement can vary widely, but commonly includes provisions for division of property and spousal support in the event of divorce or breakup of marriage.
The United Kingdom as of 2007 does not enforce prenuptial agreements (although there have been some notable exceptions). They also do not have a provision for marital regimes.
There are two types of prenuptial agreements: marriage contract for people who are married or about to be married, and cohabitation agreement for unmarried couples. A variation for people who are already married is a postnuptial agreement, also called a postmarital agreement.
Postnuptial agreements are similar to prenuptial agreements, except that they are entered into after a couple is married.
If you are getting married and want to protect your own assets it is usually also necessary to write your Wills, even though the act of marriage revokes previous
wills
, there is a way of writing your will (in anticipation of marriage) so that it doesn't get cancelled.
If, as a couple, you own your home Jointly with your partner then many people concerned about protecting their assets change the home from Joint owners to
Tenants in Common
, which effectively puts a dotted line down the ownership of the property, meaning that you can control your half with your will rather than it automatically going to the surviving Joint owner.
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