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Whilst divorce is likely to be the last thing on your mind when you get engaged, it is becoming more common for couples to enter a prenuptial agreement before they marry.
Prenuptial agreements, more colloquially known as a ‘prenup’, are formal written contracts that are designed to protect each person’s property and assets. They offer legal protection and financial control, and act as a safety net, should the marriage dissolve.
If you decide you need a contractual agreement once you are already married, then you may need a postnuptial agreement (postnup). This allows people who are already married to set out what would happen if they were to separate or get divorced and can be used in cases where assets change during the marriage, for example if you receive an inheritance.
Postnuptial agreements follow the same principles as prenuptial agreements and help to simplify financial matters should the couple divorce in the future.
We know that discussing what would happen should you split can be a difficult conversation to broach with a partner, and we are on hand to support you through the process. We recommend that you get the support of a legal expert before entering into any formal agreement.
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