Best Business Law Practitioners in Bury Saint Edmunds

Should I get a prenuptial agreement? If you are a fan of the Coen brothers, you may be familiar with the film “Intolerable Cruelty “. In this typically darkly comic film George Clooney and Catherine Zeta Jones go to battle over the terms of their prenuptial agreements. However, in the UK prenuptial agreements are not as binding as they are in Hollywood, nor are they exclusively for the very rich. I’m not rich, so do I need one? Prenuptial agreements are not just for the rich and we would recommend that anyone and everyone should have a prenuptial agreement before entering into a marriage or civil partnership. It may sound unromantic but there are 3 key reasons for a pre-nup: 1. to set out how you will manage the finances during the marriage. 2. to set out what will happen to the finances in the event of a divorce or separation. 3. to protect any inherited wealth or property acquired by one of you before the marriage. A Pre-nup can therefore be helpful in any partnership, but there are some circumstances when a Pre-nup isn’t just helpful, it really should be seen as essential: • When you have an interest in a family business. • When you’re bringing assets to the marriage, whether by an inheritance or family gift etc. • When this is your second marriage-particularly if you have children from the first marriage. For more information click the link below:...