Prenuptial Agreements in the UK
Prenuptial agreements (prenups) are increasingly common in England and Wales. While not automatically legally binding, courts give properly drafted agreements significant weight when dividing assets on divorce.
Legal Status of Prenups
Following the landmark case of Radmacher v Granatino [2010], the Supreme Court ruled that prenuptial agreements should be upheld unless it would be unfair to do so. This marked a major shift in how UK courts view prenups.
Requirements for a Valid Prenup
For a court to uphold your prenup, it should meet these criteria:
1. Independent Legal Advice
- Both parties must receive separate legal advice
- Each should have their own solicitor
- Advice must be documented
2. Full Financial Disclosure
- Both parties must disclose all assets and debts
- Hidden assets can invalidate the agreement
- Include property, savings, pensions, businesses
3. No Pressure or Duress
- Both must sign voluntarily
- Sufficient time to consider (at least 28 days before wedding)
- No threats or coercion
4. Fair and Reasonable
- Must meet both parties' needs
- Particularly important if children involved
- Can't leave one party destitute
What to Include
- Existing assets - Property, savings, investments brought into marriage
- Future assets - Inheritances, business growth
- Debts - Who's responsible for existing debts
- Property - What happens to the family home
- Business interests - Protecting a family business
- Spousal maintenance - Agree on support arrangements
What You Can't Include
- Child arrangements - Courts decide based on child's best interests
- Child maintenance - Cannot contract out of this
- Unreasonable terms - Courts can set aside unfair provisions
When Prenups Are Most Important
- Second marriages (protecting children from first marriage)
- Significant wealth disparity
- Business owners
- Family wealth or inheritances
- Property owners
- International elements
Postnuptial Agreements
It's not too late if you're already married. Postnuptial agreements work the same way but are signed after marriage. They're useful if:
- Circumstances have changed
- You didn't have a prenup
- You want to update an existing agreement
Review and Update
Prenups should be reviewed:
- After birth of children
- Significant change in finances
- Every 5 years
Costs
Expect to pay between £500-£2,000 per person for a prenup, depending on complexity. This is a worthwhile investment given the potential costs of divorce without one.
Get Expert Advice
MCR Solicitors drafts prenuptial and postnuptial agreements that courts will respect. Call 0161 466 1280 to discuss your situation.
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