Prenuptial Agreements

What is a prenuptial agreement?

A prenuptial agreement is an agreement entered into before marriage that records how certain financial matters may be approached if the relationship later breaks down.

Prenuptial agreements are often used where one or both parties wish to protect assets, business interests, property, inheritances or family wealth.

Why do couples consider prenuptial agreements?

• Protection of property owned before marriage.
• Business ownership interests.
• Inheritance planning.
• Family wealth protection.
• Second marriages.
• Children from previous relationships.
• Reducing uncertainty regarding future finances.

Information often included

• Property ownership details.
• Business interests and shareholdings.
• Savings and investments.
• Inheritance expectations.
• Existing debts and liabilities.
• Financial responsibilities within the marriage.

Why preparation matters

Careful preparation and clear disclosure of financial circumstances can be important when discussing a prenuptial agreement.

Oakens assists with the information needed to progress the legal matter.

Frequently Asked Questions

Can a prenuptial agreement protect a business?

Business interests are one of the most common reasons couples consider a prenuptial agreement.

Can inherited assets be addressed?

Inheritance planning is often discussed when preparing a prenuptial agreement.

Do both parties need financial information?

Clear understanding of financial circumstances is generally important when considering any financial agreement.