The Forsters Family team want to open up the conversation about nuptial agreements, to dispel myths and to inform people about the benefits of having one and the practical process.
We are giving our insight and guidance on pre-nups and post-nups in the hope of bringing greater clarity to what can be seen as a 'taboo' topic; to provide reassurance about what having a nuptial agreement means; and understanding about the process involved. The aim is for people to feel comfortable about discussing nuptial agreements, so that an informed decision can be made about whether signing one is right for them.
Engagements and wedding planning are joyful and heart-warming experiences and too often any talk of a pre-nup is viewed as being at odds with this special time. But mind-sets are changing.
Co-hosts Marcus Brigstocke and Head of Family, Jo Edwards are re-joined by family lawyer Rosie Schumm to talk all things nuptial agreement-related. From debunking some common myths, to sharing tips on how to broach the subject with your other half, and discussing why they aren't as unromantic or as new a concept as you might think – it's all here.
Nuptial agreements, namely pre-nups and post-nups, are commonly associated with the rich and famous and can often be sensationalised by popular news stories. This has led to widespread belief that nuptial agreements are unfair, worthless and unromantic, when in fact they can be a sensible, fair and transparent way to discuss the financial picture on marriage and agree the outcome if ever it broke down.
However many years you have been together, financial conversations can be difficult. Raising the subject of a nuptial agreement with your partner requires you to be sensitive, rational and honest. The good news is it can help you to build trust as a couple and can underpin your relationship. You can begin your future together by being open and honest about difficult subjects.
The prospect of discussing a nuptial agreement with your partner may seem daunting but if approached in the right way it can form part of an open and honest conversation about your future together.
The process of entering into a nuptial agreement may not be as difficult as you think. We have pulled together a five step guide.
Modern families take many forms. So-called nuclear families (with a husband, wife and two children to whom they are both biologically related) have become gradually less common, with a corresponding increase in the number of people entering into same-sex marriages or civil partnerships, marrying for the second or third time or choosing to remain unmarried.
When one or both parties to a marriage has a connection with another country in addition to England and Wales, there are international considerations and implications to take into account when considering a nuptial agreement. This could be because of where they live, their domicile or nationality, or where their assets are based.
A nuptial agreement can be a useful tool for wealthy individuals and families who seek to preserve wealth for future generations.
From growing a business to starting a family or handing over control of that business to the next generation, every individual has their own goals to aspire to. Our Private Wealth lawyers advise our clients throughout this family life cycle, providing the legal advice required for specific transactions such as purchasing a home or selling a business, whilst also advising on the long-term opportunities for succession and estate planning.