Parties who are not married to each other can chose to regulate the outcome of their relationship if it is not successful. The reasons for doing so can be numerous:
- A substantial difference in the income or assets of one party
- To protect assets you acquired before the marriage
- Your family contributed to your assets
A Pre-Nuptial agreement is an agreement made between the parties before they are married. It controls the financial outcome of a marriage, should the relationship not be successful. It can save a lot of time, stress and money if the parties reach this point.
Clients should be aware that this type of agreement is not enforceable in court as they are not legally binding.
However due to their popularity more and more judges are relying on them to ascertain what the parties had decided if the marriage failed.