
A recent survey found that 44% of British men and 47% of British women would like to see pre-nuptial agreements made legally binding in the UK.
As with many other things, there are arguments both in favour of and against the enforceability of such agreements.
The arguments in favour of enforceability include:-
The arguments against the enforceability of pre-nuptial agreements include:-
It is likely that there has been a significant increase in the number of couples drawing up pre-nuptial agreements in the United Kingdom, although statistics in respect of this are difficult to find. There is no central register of pre-nuptial agreements. Obviously if a couple feel bound by the terms of such an agreement should they divorce, there would be no need for them to litigate as to enforceability or otherwise of it.
The factors that may have led to an increase in the number of pre-nuptial agreements being entered into will include the high level of awards that can be made by the English courts, a perception that pre-nuptial agreements will become binding at some future time, a greater public awareness of the financial consequences of divorce and the rising legal costs of the financial proceedings that can follow relationship breakdown.
Similar comments apply to couples considering entering into a civil partnership.
Most family law practices now include the drafting of agreements for couples planning to get married or enter into a civil partnership amongst the services that they offer to their clients.
Anyone considering entering into a pre-nuptial agreement needs to seek independent legal advice well before the pending marriage and to make a full and frank disclosure of his/her financial position.
For further information regarding matters arising from this article, please telephone Christian Abletshauser on
01932 852057, or email him: ChristianAbletshauser@meadowsfraser.com