Pre-nuptial agreements are often overlooked in estate planning. Although they are not currently legally-binding, they can still have an important place in protecting your estate. Some people shy away from them because of the unromantic stigma and people don’t like to plan for the divorce when they are still in the process of planning the wedding. Marriage is not something to be entered into lightly, but a pre-nuptial agreement can be an important step in securing your estate’s financial future, and this is arguably the best time to talk about the breakdown of a relationship.
You are in a new stage of your lives together, with a fresh and clear vision of the future, but you also have to take stock of what is yours and what you are bringing to the relationship. If you were to break up, you would want to keep what is rightfully yours.
When you get married you are essentially joining your estates together, so if your relationship broke down you would need to unpick the lives that you have woven together, including the assets that you brought to the relationship. A pre-nuptial agreement can help protect your interest right from the start and speed up the divorce process.
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