Prenuptials For All
Research has now found that Prenuptial Contracts are now no longer for extremely affluent people. There has been a huge increase in popularity especially given that it now looks like the Law Commission is inching closer towards making them fully legally binding in any event. At present they are persuasive circumstances within matrimonial proceedings.
New evidence suggests that sometimes prenuptials are being used by people with the sole purpose of just safeguarding one single asset or lump sum for instance something they may have realised by way of an inheritance or from a former divorce settlement. This is probably why the popularity is amongst people entering second or third marriages. Another reason for parties opting for these agreements in later life is that they might consider there is the possibility of an inheritance from their family and they would like any possibility of a claim against that being precluded from the outset.
So too are young people beginning to be attracted by the benefits of a prenuptial agreement. Instead of just being unable to trust each other the reality of seeking such an agreement is to recognise the benefits of clarity and speed in resolving disputes if the relationship were to break down at a later stage. Far better to be clear than to end in a confused and acrimonious dispute.