What are the benefits of a prenuptial agreement? The answer is simple – all of your assets are set up before marriage, with the understanding that in case you decide to divorce, any assets you have before marrying will be split evenly or kept by the person who brought it to the relationship. This is, of course, assuming that you both agree to the arrangement, which is obviously not always the case! Many people, however, don’t even think about this option and can suffer a messy divorce further down the road. For a Solicitor Gloucester, contact Gloucester based solicitors Dee and Griffin
For a couple, it’s important to understand exactly what the prenup actually is. Essentially, a prenup is a written contract between the two individuals involved where they outline all the assets each person possesses. This contract is legal, binding and considered to be an agreement between both parties. It will also specify when the assets are to be divided, who is the head of the household, and other such information.
There are several advantages to getting a prenup drafted. For example, if neither party is able to handle their finances anymore and the relationship becomes strained, it is very common for one party to file for divorce. By having a prenup, the couple is ensuring that any financial issues that arise won’t be left unresolved when the marriage ends. In addition, the agreement makes it easier for the children to divide their inheritance when one parent passes away. Even though it may take time and some additional effort to put together a prenuptial agreement, doing so will ensure that your final settlement is fair and just.