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Future Financial Planning - Nuptial Agreements in later life do make sense!

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We have all heard recently in the news of the “quickie” divorce of Charles Saatchi and celebrity chef Nigella Lawson and the fact that the couple were able to reach a financial agreement between them amicably and quickly.

This was partly down to good negotiations.

Although the idea of any nuptial agreement can be for many a difficult subject to discuss, whether an agreement is entered into before or after a marriage, makes financial sense for many couples and affords for sound financial planning particularly when the parties have significant assets from a previous marriage or historic family wealth they would want to protect.

Older couples in particular usually have more to lose financially upon divorce. Some have been there before and experienced the financial sting of a relationship breakdown and don’t want to experience that sting again a second or even third time round. Others have children from a previous marriage and want to ensure that they will be provided for financially in the future. Knowing the courts are more likely to up hold a well drafted and executed nuptial agreement gives many couples the peace of mind that they need to be able to take the plunge and remarry in later life.

Without the benefit of nuptial agreements upon the breakdown of a marriage or civil partnership considerable stress and uncertainty can arise as a financial settlement can take many months to conclude. However, with the benefit of a nuptial agreement that has been freely entered into with the full understanding of its implications parties are more likely to experience faster and in turn less stressful divorces as disputed matters are resolved more quickly and more cost effectively.

If you are considering getting married or are married and would like to discuss your future financial options whatever life stage you are at then please call our Family Team directly on 0113 246 0622.

Disclaimer: Anything posted on this blog is for general information only and is not intended to provide legal advice on any general or specific matter. Please refer to our terms and conditions for further information. Please contact the author of the blog if you would like to discuss the issues raised.