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Are you planning your wedding and wondering how to protect your assets? Or are you already married and looking for ways to secure your financial future? A prenuptial or postnuptial agreement could be the solution.
A prenuptial agreement, often called a ”prenup” is a legal contract that couples enter into before marriage. It outlines how assets and debts will be divided if the marriage ends in divorce or death. This includes all aspects of your finances, i.e. property, savings, investments, businesses, and even future inheritances.
While often associated with protecting wealth, prenups offer benefits to couples of all financial backgrounds. They can, for instance:
A postnuptial agreement, or “postnup”, is created after the couple is already married. It serves the same purpose of outlining financial arrangements. A postnup can be particularly useful after significant life changes, such as the birth of a child, a career change, or the acquisition of substantial assets.
Postnuptial agreements can help:
Prenuptial and postnuptial agreements can cover a wide range of financial matters, including:
While not automatically legally binding, prenuptial and postnuptial agreements are increasingly recognised by the courts, especially if they meet certain criteria:
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At Maguire Family Law, we have extensive experience in financial agreements, as well as drafting and advising on prenuptial and postnuptial agreements. Our team of specialist family law experts will work closely with you to understand your individual requirements, ensuring that your agreement is comprehensive, fair and legally sound.
Maguire Family Law is a Tier 1 ranked firm in the Legal 500. With offices in Manchester, Altrincham, Wilmslow, Knutsford, and London, we are conveniently located to serve you.
Before getting married, a couple can create a prenuptial agreement, while a postnuptial agreement can be made after they are married. Although both types of agreements serve similar purposes, they are established at different points in the relationship.
Ideally, a prenuptial agreement should be discussed and finalised well in advance of a wedding to avoid any perception of pressure or duress.
Yes, a prenuptial agreement can be amended or revoked after marriage, but both parties must agree to the changes and follow legal procedures. Speak to our team on 0161 544 650 to find out more, or request a callback via our contact form.
The cost of a prenuptial agreement varies depending on the complexity of the couple’s assets and the level of negotiation involved.
A postnuptial agreement can be valuable for couples who want to update their financial arrangements after experiencing significant life changes or to address specific concerns that arise during the marriage.
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Maguire Family Law are experts in all aspects of divorce finance law and we can inform you of your legal rights and the strength of your case. We’ve helped so many people in so many varied situations, there’s no problem too big or small for us to assist you with.
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