Marital and partnership agreements
Pre-marital or civil partnership agreements, often called pre-nuptial agreements, are becoming more and more popular, and are not just for couples where there is a lot of wealth. An agreement of this kind is now usually legally binding as long as the court believes it to be fair to all concerned.
Having a discussion with your partner about what would happen to your respective assets in the event of marriage or partnership breakdown may feel uncomfortable and seem cynical, but making an agreement at this stage can prove extremely beneficial at a later, emotionally charged time. It can provide clarity and certainty about your rights and obligations during the course of the relationship and if it ends.
Sometimes there has been insufficient time before the marriage or partnership for a couple to enter into an agreement. It could also be that during a marriage or partnership a situation may arise – possibly due to a change of circumstances – that makes it necessary or appropriate for a couple to enter into an agreement before any divorce or separation takes place, setting out details of how financial issues should be resolved when the relationship ends.