20th March 2017
Lester Aldridge LLP
International women’s day was a chance to reflect on the drastic social change that has taken place over recent years. In relatively recent memory, women were expected to stay at home and bring up the children. The thought of women running a successful business or reaching the upper echelons of a multinational corporation was almost unheard of. Thankfully, times have now changed with many women being the main earner in households across the country. MSI's UK South Coast law member Lester Aldridge explains further.
For those that have a successful career before their marriage, how can they protect their wealth if they plan to marry? The simple answer is a prenuptial agreement.
Traditionally thought of as being reserved for Hollywood royalty, UK courts gave them the seal of approval in 2010, subject to certain criteria being met, and increasingly everyday people are entering into them. The effect of a prenuptial agreement is that you can protect your pre-owned assets and ensure that if the worst were to happen, you do not have to face giving them to your former spouse and protracted, complicated and expensive litigation can be avoided.
The Supreme Court has stated that for a prenuptial agreement to be valid, certain criteria must be satisfied, including:
It is important to clarify that no prenuptial agreement is 100% watertight and a court could disregard it in certain circumstances. But, provided the above criteria are met a Court is likely to completely uphold it or at least give it significant weight and so you are more protected than without one.
The above criteria are not exhaustive and it is important that anyone contemplating a prenuptial agreement agreement seeks legal advice at the earliest opportunity. Lester Aldridge has a specialist team of family lawyers who can advise and assist you if you are contemplating entering into a prenuptial agreement.
Lester Aldridge is a full service law firm, advising commercial organisations and private individuals on a regional, national and international scale, from offices in Southampton and Bournemouth.
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