Pre-Nuptial Agreement
Pre-Nuptial Agreement
A pre-nuptial agreement is essentially a contract between the parties of a marriage that decides, in advance of the marriage, the division of money and property between the parties in the event of a divorce.
The Enforcements of Pre-Nuptial Agreements
The traditional position of the courts in England and Wales is that pre-nuptial agreements are not enforceable; but merely persuasive.
Negotiating and Drafting a Pre-Nuptial Agreement
From the case law, if you can show that the following steps were taken you are likely to be able to persuade the Court to consider the to be
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the parties have confirmed that they have received independent legal (and, if possible, ac-countancy) advice prior to entering into the agreement. Ideally the parties should confirm in the PNA that they intend to enter into a legally binding contract. It is also best practice for the solicitor advising the client in relation to a PNA to include a certificate of competen-cy into the agreement, in acknowledgement that they have the relevant expertise to ad-vise on this area of
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the law;
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there should be a minimum time for reflection, e.g. 28 days; prior to the wedding;
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the parties have fully and frankly disclosed to each other their means and relevant circum-stances, which should be set out, in a schedule as an attachment to the PNA;
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clarification should be provided in relation to who would have control of assets acquired by either party prior to the marriage and furthermore how jointly acquired property should be divided;
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provision for triggering events occurring i.e. the birth of a child, where the PNA is to be re-viewed.
kellygrigg@richardnelsonllp.co.uk
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