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Financial settlements on divorce: Can you protect yourself?

View profile for Wendy Armstrong
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On the 18th August 2018 more couples got married in the UK than any other day this year. Some of these couples will have implemented a pre-nuptial agreement before they tied the knot to protect themselves financially in the event the marriage comes to a premature end. Contrastingly, some couples will wait until further down the line, perhaps when more significant assets have been acquired, to incorporate a post-nuptial agreement.

Pre and post-nuptial agreements seek to define the terms upon which a couple will part ways if their marriage is to break down. For instance, if one party to the marriage has a considerable asset or attains assets throughout the marriage they may wish to ring-fence these in the event of financial proceedings upon divorce.

These types of agreements provide an indication to the court of what the parties intentions were when entering the marriage. The court can choose to accept these terms in full or implement what they deem to be fair in the circumstances.

If you would need advice in relation to pre or post-nuptial agreements and you would like to discuss how we can help you, please contact either Kathryn Moggs or Wendy Armstrong in BakerLaw’s Family department at kathryn.moggs@baker-law.co.uk or wendy.armstrong@baker-law.co.uk or call 01252 733770.

This article is not a definitive statement of the law. It is designed as a free update on the law at the time of publishing. It is not a substitute for legal advice on specific facts and circumstances. BakerLaw LLP and/or the writer accepts no liability or responsibility for reliance on this article and recommends that you seek independent legal advice on your specific circumstances prior to taking any steps.

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