More couples are now considering prenuptial agreements (βprenupsβ) before getting married β particularly where:
π one party owns property or a business
π there are significant savings or investments
π one person is entering the marriage with more assets
π there are children from previous relationships
But one of the biggest misunderstandings is this.......
β οΈ A prenup in the UK is not automatically legally binding in the same way as an ordinary commercial contract.
π‘ So what does a prenup actually do?
A properly prepared prenup can still carry significant weight in family court proceedings β especially during financial remedy disputes following divorce. A family judge can mirror the terms but they are not bound by them.
π The court may take the agreement into account when deciding what is fair.
However, for that to happen, certain important safeguards should usually be in place.
π Key factors the court will look at the following :
π° 1. Full financial disclosure
Both parties should fully disclose their financial position before the agreement is signed.
This includes:
β property
β savings
β income
β investments
β any debts
π A prenup is far less likely to carry weight if assets were hidden or not properly disclosed.
β³ 2. Signed "well before" the wedding
Ideally, the agreement should be signed at least 3 weeks before the marriage.
Why?
Because signing shortly before the ceremony can lead to arguments that someone felt pressured into agreeing. Any pressure or coercion can void a contract at it's most basic level...
βοΈ 3. Independent legal advice
Both parties should obtain their own independent legal advice regarding:
β the meaning of the agreement
β the legal implications
β and the potential consequences in future
π This is extremely important.
π« 4. No pressure or duress
Neither party should be forced, pressured, or emotionally manipulated into signing the agreement.
The court will look closely at whether the agreement was entered into freely and voluntarily.
βοΈ 5. The agreement must be fair too
Even where a prenup has been properly prepared:
π the court may still depart from it if the outcome would be unfair
For example:
β leaving one spouse in significant hardship
β failing to meet reasonable needs
β or heavily favouring one side unfairly
π‘ Key point
As legal advice is such an important factor, it often makes sense to have:
π a solicitor draft the agreement
π and separate solicitors advise each party independently
π If required we can provide a prenup template through the Skool community to help people understand the structure and common clauses involved.
However:
β οΈ both parties should still obtain independent legal advice if they want the agreement to carry greater weight in future proceedings......this is vital!
βοΈ A prenup is not about planning for failure.
π It is about clarity, transparency, and protecting both parties from uncertainty later on.....