What is a Postnuptial Agreement?
A postnuptial agreement is a document often drawn up if a couple did not sign a Prenuptial Agreement before marriage or Civil Partnership. It outlines how their assets, property, and financial matters will be handled in the event of a separation or divorce.
Working in a similar way to a Prenuptial Agreement, it enables couples to be clear about their financial situation and protect their individual assets. You can tailor it to your specific circumstances and this will help avoid disputes if your relationship ends.
What does a Postnuptial Agreement cover?
A Postnuptial Agreement can include the division of property, savings, pensions, and business assets. It can also specify how debts will be managed and whether spousal maintenance will be paid if the relationship ends. The agreement can also outline what happens to assets acquired during the marriage and whether any future inheritance will remain individually owned or be shared.
Postnuptial Agreement FAQs
The purpose is to set out financial arrangements and protect assets in the event of a divorce or separation.
The cost will vary depending on the complexity of the agreement. Typically, it will range between £3000 and £6000 plus VAT.
There is no time limit on your Postnuptial Agreement. Couples can create or amend the agreement at any point during their marriage.
It can help protect individual assets and provide clarity on financial matters. It can also help protect business interests and future inheritances.
Yes, they help manage expectations, protect assets, and reduce the risk of legal disputes in the event of separation.
Postnuptial agreements are not automatically legally binding. However, they are likely to be upheld by the court if they meet fairness standards and were entered into freely with legal advice.
It should cover the division of property, assets, debts, spousal maintenance, and provisions for any future assets or business interests.
Yes, they are an effective tool for safeguarding family wealth and inheritance, ensuring that these assets remain protected in case of divorce.
Why Hawkins Family Law?
As a specialist family law firm, we focus solely on matters such as Postnuptial Agreements. Our team of experienced family law solicitors are committed to providing consistently high levels of support and guidance and are here to help guide you through your Postnuptial Agreement.