Wealth and Succession Planning
Prenuptial and Postnuptial Agreements
A key consideration in your Wealth and Succession Planning could be a Pre-Nuptial or Post-Nuptial Agreement…
An increasing number of couples are now signing Pre-Nuptial and Post-Nuptial Agreements, conscious that the percentage of marriages ending before their 10th anniversary has increased from 1 in 10 couples married in 1965 (10%) to 1 in 4 couples in 1995 (25%).
In a nutshell, they’re an agreement that shows what you intend to happen to your money and property if your marriage were to end. Pre-Nups are entered into (a minimum of 28 days) before marriage takes place, while Post-Nups are entered into after marriage take place.
A Pre or Post-Nuptial Agreement can cover almost anything you want it to, for example property you’ve been given or inherited, property you’ve brought into the marriage, even who gets the family pet! They need to be reviewed regularly and updated if your circumstances change.
Unmarried couples can make them too, in this instance they are usually called Living Together Agreements or LTAs.
A Pre or Post-Nuptial Agreement is something we can advise on as part of our Wealth and Succession Planning service – please just get in touch and we’ll be happy to help.