Many people choose to protect their existing assets by way of a Pre-nuptial/Pre-civil partnership Agreement; however it is fair to say that there may be a degree of confusion as to how much protection such an Agreement can bring. The Law Commission has recommended that once needs of the separating couple and any children of the family have been addressed, such agreements should then be legally binding on the remaining assets. However for the moment there has been no decision.
Pre-nuptial Agreements remain persuasive but they are not backed up by law. Should the worst come to the worst it is better to have a document that actually records the views of the couple at the time of starting out on their relationship than nothing at all or just word of mouth.
For further information please email email@example.com or contact
03 9419 6066.