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Pre-Nuptial
Agreements
In many parts of Europe, pre-nuptial
agreements are held to be legally
enforceable if the parties divorce provided
that both parties received sound legal
advice and signed up to the pre nuptial
agreement without being coerced or bullied
into doing so.
In the UK, it is different. Pre-nuptial
agreements can be set aside by the family
court when deciding how to settle marital
income, capital or pensions upon divorce. It
is left to the discretion of the court to
decide what is appropriate and whether the
terms of a pre nuptial agreement should be
upheld or not.
Much will depend upon the circumstances of
the marriage and whether changes have taken
place since the pre nuptial agreement was
entered into. For example, whether a child
has been born to the marriage or one of the
spouses has suffered serious disablement.
For this reason, many people in the UK who
are anxious about what will happen to their
income or assets if their marriage fails
decide that pre nuptial agreements are not
worth the paper they are written on.
However, this is not necessarily the case.
Increasingly, case law shows that the family
courts do give weight to properly executed
pre-nuptial agreements and have held them to
be binding upon the parties in the event of
divorce. It is true that this cannot be
guaranteed, but then without an agreement
nothing can be guaranteed. With an agreement
in place, there is evidence of what the
parties intended before they married.
If the Agreement is regularly reviewed at
least every 3 years and in the event that a
significant change occurs such as the birth
of a child to the marriage, then it is even
more likely the family court will give
weight to the terms of the pre nuptial
agreement before deciding what is an
appropriate settlement.
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